Peruvian squid market faces unprecedented shortage as prices soar

According to a report released by UCN on October 2 at the Vigo International Fisheries Exhibition in Spain: The Peruvian market is facing a severe shortage of squid, causing prices to rise threefold, making it difficult for consumers to obtain this once affordable staple food. The current price has exceeded 20 Peruvian soles (about US$5.40) per kilogram, and some companies report that the price of frozen squid in the Peruvian domestic market has reached 22 Peruvian soles per kilogram. An executive of a Peruvian seafood export company said: "The inventory has almost disappeared, and the price increase has made it almost impossible for many consumers to buy the remaining squid." The root cause of this crisis lies in a variety of factors, including climate change and the activities of squid fishing without supervision. These fishing boats reportedly take the squid to other places and sell it at higher prices, making it almost impossible for us to obtain these resources. The executive ...