Peru is ending its squid fishing season on December 31 due to low catches and the need to conserve the biomass, according to the Marine Institute (Imarpe). The institute adjusts the fishing quota based on various factors, including environmental conditions and resource availability. Artisanal fishing vessels in Peru must register with the South Pacific Regional Fisheries Management Organization and submit a fishing record to Imarpe. Recent years have seen low production of Peruvian squid, potentially impacted by Asian ships fishing in international waters and last year's El Nino phenomenon, which raised sea temperatures and affected anchovy and squid production.