In the 38th week, the market price for squid generally increased, with raw cuttlefish from the Southeast Pacific leading the rise.
Published 2025년 9월 23일
Tridge summary
Southeast Pacific Squid
Affected by market supply and demand, the average settlement price for Southeast Pacific squid in the 38th week was approximately 19,202.82 yuan/ton, up 4.7% from the previous week. Prices for raw squid products generally increased, with a rise of 300 to 750 yuan per ton; however, the "three major items" for processing remained weak, with large heads and sheets falling by 420 yuan/ton and 442 yuan/ton, respectively.
In terms of transaction volume, the total volume for this week reached 8,344 tons, an increase of 46% from the previous week. The main traded varieties were extra-small raw squid (2,384 tons), small raw squid (2,835 tons), and medium raw squid (1,179 tons), accounting for 77% of the total. Overall market quotations were stable with some increases, with small, medium, and large raw squid all showing varying degrees of price increases.
On the Peruvian side, the second phase of fishing, originally scheduled to start on November 1, has begun early, with a quota of 42,432 tons. Currently, some offshore fishing vessels equipped with satellite positioning systems have gone to sea, but production remains low. According to official Peruvian data, squid exports from January to July 2025 reached a record 907 million US dollars, a year-on-year increase of 26.9%, driving the total fishery export value to 30.68 billion US dollars.
Southwest Atlantic Squid (off-line)
In the 38th week, the average settlement price for Southwest Atlantic squid (off-line) from Zhejiang Provincial Agricultural Products Center was 36,407.98 yuan/ton, with a transaction volume of 1,231 tons. Although some transaction prices fell, comprehensive quotations showed that prices for multiple specifications generally increased, with a rise of 500 to 850 yuan per ton.
In terms of production, the Falkland Islands government decided to end the second Loligo squid fishing season early, closing 10 days ahead of schedule due to the resource biomass approaching the protection threshold, with a production volume of about 18,000 tons. This year, the total production for the two seasons in the archipelago has exceeded 48,000 tons, slightly higher than the entire year of 2024, but still low. Resource constraints have led some Spanish shipowners to plan to shift their fishing vessels to international waters.
Other Production Areas and Import Situation
In the 38th week, there were no trading records for squid from the Northwest Pacific and the Indian Ocean. In terms of quotations, prices for various specifications in the Northwest Pacific remained stable; however, some medium specifications in the Indian Ocean showed a decline.
On the import side, the volume of offshore self-caught squid entering the Zhoushan port increased for the second consecutive week, providing support for domestic market supply. At the Weihai International Marine Commodities Trading Center, prices for Peruvian equatorial squid and Argentine squid continued to rise.
Market Observation
Overall market prices rose in the 38th week, with trading sentiment improving somewhat. Prices for raw squid products in the Southeast Pacific continued to rise, supported by unstable supply and increased purchasing enthusiasm; Southwest Atlantic squid prices remained firm amid tightening resources. However, processed specifications such as the "three major items" remained under pressure, with insufficient demand recovery. The future market will still be influenced by fishing policies, global supply and demand changes, and the pace of downstream consumption.
Affected by market supply and demand, the average settlement price for Southeast Pacific squid in the 38th week was approximately 19,202.82 yuan/ton, up 4.7% from the previous week. Prices for raw squid products generally increased, with a rise of 300 to 750 yuan per ton; however, the "three major items" for processing remained weak, with large heads and sheets falling by 420 yuan/ton and 442 yuan/ton, respectively.
In terms of transaction volume, the total volume for this week reached 8,344 tons, an increase of 46% from the previous week. The main traded varieties were extra-small raw squid (2,384 tons), small raw squid (2,835 tons), and medium raw squid (1,179 tons), accounting for 77% of the total. Overall market quotations were stable with some increases, with small, medium, and large raw squid all showing varying degrees of price increases.
On the Peruvian side, the second phase of fishing, originally scheduled to start on November 1, has begun early, with a quota of 42,432 tons. Currently, some offshore fishing vessels equipped with satellite positioning systems have gone to sea, but production remains low. According to official Peruvian data, squid exports from January to July 2025 reached a record 907 million US dollars, a year-on-year increase of 26.9%, driving the total fishery export value to 30.68 billion US dollars.
Southwest Atlantic Squid (off-line)
In the 38th week, the average settlement price for Southwest Atlantic squid (off-line) from Zhejiang Provincial Agricultural Products Center was 36,407.98 yuan/ton, with a transaction volume of 1,231 tons. Although some transaction prices fell, comprehensive quotations showed that prices for multiple specifications generally increased, with a rise of 500 to 850 yuan per ton.
In terms of production, the Falkland Islands government decided to end the second Loligo squid fishing season early, closing 10 days ahead of schedule due to the resource biomass approaching the protection threshold, with a production volume of about 18,000 tons. This year, the total production for the two seasons in the archipelago has exceeded 48,000 tons, slightly higher than the entire year of 2024, but still low. Resource constraints have led some Spanish shipowners to plan to shift their fishing vessels to international waters.
Other Production Areas and Import Situation
In the 38th week, there were no trading records for squid from the Northwest Pacific and the Indian Ocean. In terms of quotations, prices for various specifications in the Northwest Pacific remained stable; however, some medium specifications in the Indian Ocean showed a decline.
On the import side, the volume of offshore self-caught squid entering the Zhoushan port increased for the second consecutive week, providing support for domestic market supply. At the Weihai International Marine Commodities Trading Center, prices for Peruvian equatorial squid and Argentine squid continued to rise.
Market Observation
Overall market prices rose in the 38th week, with trading sentiment improving somewhat. Prices for raw squid products in the Southeast Pacific continued to rise, supported by unstable supply and increased purchasing enthusiasm; Southwest Atlantic squid prices remained firm amid tightening resources. However, processed specifications such as the "three major items" remained under pressure, with insufficient demand recovery. The future market will still be influenced by fishing policies, global supply and demand changes, and the pace of downstream consumption.
Original content
Southeast Pacific Squid Affected by market supply and demand, the average settlement price for Southeast Pacific squid in the 38th week was approximately 19,202.82 yuan/ton, up 4.7% from the previous week. Prices for raw squid products generally increased, with a rise of 300 to 750 yuan per ton; however, the "three major items" for processing remained weak, with large heads and sheets falling by 420 yuan/ton and 442 yuan/ton, respectively. In terms of transaction volume, the total volume for this week reached 8,344 tons, an increase of 46% from the previous week. The main traded varieties were extra-small raw squid (2,384 tons), small raw squid (2,835 tons), and medium raw squid (1,179 tons), accounting for 77% of the total. Overall market quotations were stable with some increases, with small, medium, and large raw squid all showing varying degrees of price increases. On the Peruvian side, the second phase of fishing, originally scheduled to start on November 1, has begun early, ...
Source: Foodmate
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