Squid and cuttlefish prices on India's west coast reach a two-year high, drawing attention as the fishing season begins.

In the previous fishing season, the yield of Indian squid and cuttlefish was significantly lower. This year, the industry had originally hoped for a return to normal production, but most companies did not have high expectations for a trend similar to the record-breaking rise in Argentine squid. The head of Jeelani Marine Products from Maharashtra stated that the initial catch of this season is still not high, and the upward trend in prices is evident. The head also mentioned that the phenomenon of low production is not only occurring in India. Chile's Illex fishing has faced difficulties, and the yield of local squid in the United States is also low. This global shortage of raw materials is supporting international market prices. Data shows that global prices of frozen squid and cuttlefish have been rising continuously since last summer. In terms of exports, India is one of the world's major producers of cephalopod products. In the 2024/25 fiscal year (ending March 31, 2025), ...