Global squid prices soar as supply shortages worsen

Recently, due to the tight global squid supply, the price of squid in Morocco has risen sharply in just one and a half months. According to industry sources, the price of frozen squid in Morocco has risen by more than 1 euro per kilogram since the transition from the first fishing season to the second fishing season. As of now, the price of 1P (single) squid in Morocco has reached 10.60 euros per kilogram, 2P price is 9.60 euros/kg, and 3P price is 8.60 euros/kg (FOB). The main reason for the price increase is the shortage of squid resources in many fisheries around the world, forcing processors and distributors in Italy and Spain to urgently look for other sources of supply. Global supply shortage: Falklands Islands and Peru The cancellation of the second fishing season in the Falkland Islands has also led to a rapid increase in the price of Loligo squid in the first season in the European market, which has now exceeded 6 euros per kilogram. According to sources, the cancellation ...