Photo: Stockfile/FIS

Southwest Atlantic Squid Index: Illex Squid (Illex Argentinus)

CHINA
Friday, December 06, 2024, 09:50 (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.

Trend of China's Ocean Squid Price Index (monthly)

In November 2024, the global squid fishing situation improved, the overall output showed an upward trend, and the tight market supply situation was alleviated. China's ocean squid monthly price index fell slightly, closing at 237.10 points, down 1.78% from the previous month and up 45.22% from the previous year.

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

The China Pelagic Squid Index, which includes the squid price index, industry prosperity index, and squid resource abundance index, provides a comprehensive overview of the squid industry and pelagic fishery trends through detailed, dynamic data.

It gathers squid transaction prices from major domestic squid fishing companies and the Zhoushan Aquatic Products Trading Center. The index is compiled based on statistics from various specifications across four key regions: the Southeast Pacific, Southwest Atlantic, Northwest Pacific, and Indian Ocean. This data reflects the changing trends in domestic squid prices and offers valuable insights into the industry's overall development.

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

The fishing season in the southwest Atlantic Ocean ended around May-June in the first half of the year, and since then, market transactions have all come from inventory products. According to Argentine fishery statistics, in early November, the demand for squid had basically exhausted the existing inventory, and the adjustment of supply and demand pushed the monthly price index up, closing at 209.48 points, up 1.48% month-on-month.

Southwest Pacific squid price index (Illex Argentinus) 

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The weekly price index of squid in the southwest Atlantic Ocean had the smallest fluctuation, showing a slight rebound and then continued decline. It closed at 167.67 points at the end of November, down 0.97% from the end of October.

Based on the technical report of the National Fisheries Development Institute (INIDEP) and the successful experience of early fishing in the past few seasons, the Argentine Federal Fisheries Commission (CFP) passed a resolution on November 14, 2024, announcing that the 2025 squid fishing season will start early on January 10, 2025 in the area south of 44 degrees south latitude.

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

Source:

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