Peruvian markets are experiencing a shortage of squid with prices soaring up to 25 soles per kilo, due to increased costs at fishing terminals. This situation is causing profitability issues for small businesses and leading to a fall in demand. The shortage has particularly affected small entrepreneurs who sold ceviche and squid chicharrón at affordable prices. While other seafood products like bonito remain affordable, the high price and shortage of squid are a concern for those who relied on it for economical food options. There are fears that illegal fishing by foreign vessels near the Peruvian coast could be exacerbating the supply issue.