Image: China Pelagic Squid Index/FIS

Southeast Pacific Squid Index: Giant squid (dosidicus gigas)

CHINA
Monday, December 02, 2024, 00:10 (GMT + 9)

In order to continuously enhance the ability to control squid resources and price influence, and conduct more accurate resource assessment and forecasting, the China Ocean Fisheries Association took the lead, jointly with Shanghai Ocean University, Zhoushan National Ocean Fishery Base and Hangzhou Shuliang Technology Co., Ltd. to compile and release China Ocean Fisheries Squid index.

Source: China Pelagic Squid Index | www.china-squid.com

China Pelagic Squid Index, including squid price index, industry prosperity index, and squid resource abundance index, monitors and reflects the overall development of squid products and pelagic fishery with detailed and dynamic data information.

The squid price index in the Southeast Pacific and Northwest Pacific showed similar trends, rising continuously in the first three weeks and declining in the fourth week. At the end of October, the two indices closed at 258.16 points and 213.46 points, respectively, up 14.47% and 35.66% from the end of September.

Squid Price Index for all species (4)

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The four main areas in the world where the Chinese fleet fishes for squid. | Source: Jinghai Group / FIS

Southeast Pacific squid price index

Collects squid transaction prices from major domestic squid fishing companies and the Zhoushan Aquatic Products Trading Center. It is compiled from statistics of different specifications in the four major regions of the Southeast Pacific, Southwest Atlantic, Northwest Pacific, and Indian Ocean, reflecting the changing trend of domestic squid prices.

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Recently, an amount of giant squid caught in the southeastern Pacific has arrived at the port in China, easing the tight market supply situation, but the effect is relatively limited. Experts pointed out that the current replenishment of squid resources has shown signs of recovery, especially in the southeastern Pacific, and the squid production in this sea area is expected to gradually increase by the end of the year. However, it should be noted that the full recovery of squid resources will be a long process. It is currently entering the initial recovery stage and is expected to return to normal levels by the second half of 2025.

In the short term, market supply is still limited, and with holidays such as Christmas and New Year's Day approaching, market demand will increase, and the squid price index will most likely remain volatile at a high level.

FIS publishes weekly (every Friday) each of the 4 species recorded in the Squid Index.

Source: China Pelagic Squid Index

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