Squid supply and demand both slowed down, prices remained stable heading into the holiday in China

Published 2024년 12월 24일

Tridge summary

The squid market in major production areas experienced a slowdown in the 51st week of 2024 due to decreased catch and insufficient supply. Prices in the Northwest Pacific remained stable, while the Southeast Pacific saw a slight increase before leveling off due to high prices and inventory pressure. The Southwest Atlantic and Indian Ocean markets remained stable with minor price adjustments. The approaching holidays and the Peruvian government's survey of squid resources, alongside the upcoming fishing season in Argentina, may temporarily alleviate the tight supply and demand situation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the 51st week of 2024 (December 13 to December 19), the supply and demand of the squid market slowed down at the same time, and the squid prices in major production areas showed a relatively stable trend. Some specifications of products in the Southeast Pacific, Southwest Atlantic (outside the line) and Indian Ocean saw a slight price adjustment, while the price of squid in the Northwest Pacific did not fluctuate compared with the previous week. The rise of squid in the Southeast Pacific slowed down this week, and the prices of some specifications of products rose slightly. The comprehensive quotation of tail fins rose by 500 yuan/ton, the price of middle strips rose by 750 yuan/ton, and the price of slices also rose by 250 yuan/ton. Although the price has increased, the overall increase has been significantly lower than in previous weeks. This is closely related to the insufficient catch. At present, the catch of squid in the Southeast Pacific is The fishing level is still low ...
Source: Foodmate

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