Initial shipment of 15,000 tons of squid has been supplied to South Korea

Published 2024년 5월 7일

Tridge summary

The article reports on the successful domestically sourced supply of 15,000 tons of deep-sea squid for the current fishing season, a crucial move towards price stabilization after a poor fishing year led to a significant increase in consumer prices. The production figures for both coastal and deep-sea squid showed substantial declines from the previous year, contributing to a notable rise in the consumer price index. However, conditions have improved for pelagic squid production in the Falklands, leading to a smoothening of the production process and a notable increase in production compared to the same period last year. With the supply situation improving and over 15,000 tons of squid imported, prices are anticipated to stabilize further. Vice Minister Song has emphasized the importance of ocean shipping companies ensuring prompt supply to further support price stability.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The initial supply of 15,000 tons of deep-sea squid for this year's fishing season has been supplied domestically, and squid prices are expected to stabilize. Squid, called ‘golden squid’ due to poor fishing, was caught in coastal waters as well as deep-sea waters due to poor fishing. In 2023, coastal squid production was 23,343 tons, down 36.2% from the previous year (36,578 tons), and pelagic squid production was 31,151 tons, down 34.5% from the previous year (48,133 tons). For this reason, the consumer price index rose by 12.0% in January, 14.4% in February, and 17.8% in March compared to the same month of the previous year. As for pelagic squid, which is mainly produced in the Falklands, the fish conditions have improved since February, and as of the 3rd week of April (~April 20), production has been smooth, reaching about 52,000 tons, an increase of about 60% compared to the same period last year. According to the Ministry of Oceans and Fisheries, production has recovered ...
Source: Fisheco

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