Squid prices in the Southeast Pacific and Southwest Atlantic continue to rise, and market transactions are active

Published Jun 19, 2024

Tridge summary

The supply of squid in the southeastern Pacific remains limited, causing prices to rise, albeit at a slower rate. Prices for different squid products have shown mixed trends, with some increasing and others decreasing. The 'Ocean Cloud +' platform reported a 75% increase in trading volume for Southeast Pacific squid, with a 3.6% rise in average transaction prices. In the southwest Atlantic, squid prices vary by size, and the fishing season in Argentina's exclusive economic zone is concluding. Overall, squid prices in both regions are high and may continue to rise. Traders should manage risks and stay informed about market trends.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The supply of squid in the southeastern Pacific has not improved significantly, and prices continue to rise but the increase has slowed down. The prices of small and large whole strips have risen to 18,500-19,000 yuan/ton and 13,000-14,000 yuan/ton respectively. The prices of large heads and extra small whole strips have increased to 14,500-14,800 yuan/ton and 18,500-19,000 yuan/ton. The prices of medium whole strips and carcasses have increased to 15,500-16,000 yuan/ton and 13,000-14,000 yuan/ton respectively. However, the prices of fillets and tail tips have fallen to 12,000-12,500 yuan/ton and 9,000-10,000 yuan respectively. / ton. Last week, the trading volume of Southeast Pacific squid traded through the "Ocean Cloud +" platform of Zhejiang Zhoushan International Agricultural Products Trading Center reached 4,099 tons, an increase of 75% over the previous week. The average transaction price was about 13,895 yuan/ton, up 3.6% from the previous week. Despite the increase in ...
Source: Foodmate
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