Peru's Squid Fishing Urgently Halted Completely, Quotas Set to Zero, Market Prices May Face New Fluctuations

According to the latest resolution from Peru's Ministry of Production, the maximum allowable total catch for Peruvian squid for 2025 has reached its legal limit of 304,209 tons, triggering the termination mechanism. This limit was originally planned to be implemented in phases before August 31, 2025, and would automatically end on that date if not caught earlier. However, due to the recent significant acceleration in fishing speed, the competent authority submitted a report on June 20, recommending an immediate halt to fishing to maintain the sustainability of fishery resources.

Fishing Termination Order Officially Takes Effect

Based on the report No. 00000035 - 2025 - PRODUCE/DSF - PA - eramirez from the Supervision and Inspection Department of Peru's Ministry of Production, the current squid fishing has fully reached its quota, thus requiring urgent resource protection measures. According to Ministerial Resolution No. 00193-2025-PRODUCE, the Ministry of Production decides:

As of 00:00 on June 21, 2025, completely stop all fishing activities for Peruvian squid resources.

Unloading Channels Temporarily Remain Open

It is worth noting that although fishing operations have been completely halted, vessels that have already been granted departure permits and were at sea before the termination took effect can still legally complete their unloading process. This means the market will still see some remaining squid stocks arriving in the short term, but the overall supply chain has been urgently "paused".

Background Review: Quota Reaches Ceiling After Multiple Adjustments

The original annual Peruvian squid fishing quota was 190,000 tons, which was subsequently raised to 290,000 tons in early May and further increased to 304,209 tons on June 2. This was a phased adjustment made by the Peruvian government based on squid resource recovery trends, market export demands, and fishermen's operational feedback.

However, after the peak fishing period arrived, with fishing fleets concentrated and unloading surging, the quota was quickly "zeroed out", leading the regulatory body to ultimately decide on an emergency conclusion.

Market Impact Under Continuous Observation

Peru is one of the world's most important exporters of giant squid (Dosidicus gigas). This early termination