Global: Squid market demand grows, prices fluctuate downward

Published Dec 4, 2024

Tridge summary

The global squid market in the 48th week of 2024 showed a fluctuating downward trend in prices, with variations depending on the production areas. The Southeast Pacific saw price fluctuations, with some varieties rising, while the Southwest Atlantic experienced a significant price drop despite increasing market transaction volume. The Northwest Pacific squid maintained stable prices, and the Indian Ocean squid market continued to decline due to oversupply and changed market demand. Despite these fluctuations, industry insiders remain optimistic about the future market prospects, driven by the approaching New Year consumption peak and increasing supply from the Southeast Pacific region.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the 48th week of 2024 (November 22-28), the market prices of squid from various production areas around the world showed a fluctuating downward trend. The price fluctuations of squid from major production areas varied, showing the diversified response of market supply and demand. From the Southeast Pacific to the Indian Ocean, squid prices in multiple fishing areas rose and fell to varying degrees, and market demand continued to increase. It is expected that the peak demand at the end of the year will further affect the price trend. Southeast Pacific squid: differentiated fluctuations, some varieties rose In the 48th week, the market performance of Southeast Pacific squid showed a clear trend. There is a clear differentiation. According to the different specifications of squid products, the prices have risen and fallen. Small-headed squid and carcass products have seen a large increase, up 1,250 yuan/ton and 2,250 yuan/ton respectively, while the price of large strips has ...

Source: Foodmate