The Falkland Islands Fisheries Department (FIFD) has halted the Patagonian squid fishery for the rest of 2024 due to a significantly depleted population. A preseason survey in July 2024 revealed biomass estimates below the safe stock replenishment threshold of 10,000 metric tons, marking the smallest total since 2008. An August survey confirmed low biomass levels, leading to the season's cancellation to prevent long-term damage to the population. This decision follows the closure of the 2023 second fishing season due to a depleted population, impacting an industry that contributes approximately 60% of the Falklands' GDP and supplies half of the calamari consumed in Europe.