Squid Production in Peru Faces Shortages During W48 Amid El Niño, Anticipates Recovery by Feb-24

The El Niño phenomenon, characterized by warming events in the ocean surface temperature in the Pacific, is impacting various aspects, including the level of squid catches. As of W48, a low squid harvest was reported in Peru due to El Niño, making the production of related sub-products unfeasible. The industry anticipates a change in this situation by Feb-24.