Pacífic Northeast squid price index: Japanese Common Squid (Todarodes pacificus)

Pacífic Northeast squid price index: Japanese Common Squid (Todarodes pacificus)

CHINA
Friday, September 27, 2024, 17:00 (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.

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.

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

In August 2024, China's offshore squid price index rebounded from a high level and closed up again at 191.16 points, up 3.58% from the previous month. Recently, there is still no sign of improvement in the global squid catch, and the market supply continues to be limited. Although the high price has a certain inhibitory effect on market demand, the impact is limited, and the squid price is still running high.

In August 2024, except for a slight decline in the squid price index in the northwest Pacific Ocean, the squid price indices in other waters all increased to varying degrees.

Contrary to the trend of the other three major sea area indices, the squid price index in the Northwest Pacific Ocean fell slightly, closing at 161.54 points, a month-on-month decrease of 0.40%. At present, China's annual output of offshore squid fishing is about 600,000 tons, more than 85% of which are Peruvian giant squid, 12% are Argentine squid, and the output of North Pacific squid and Indian Ocean squid is relatively low. The reason for the low output of North Pacific squid is the depletion of squid resources in the high seas of the North Pacific. Therefore, the squid price in the Northwest Pacific Ocean has been relatively stable. Although the index has declined this period, the decline is small and the overall fluctuation is not large.

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Pacífic Northeast squid price index (Todarodes pacificus)

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

Source: 

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