From SeafoodMedia, 2025 Squid prices in China fell sharply in early June, with sea-caught squid prices plummeting by as much as 1,500 yuan per ton in a week, the biggest drop in months.

Squid fishing companies in Peru continue to maintain steady fishing activity, with live squid catches remaining stable and port prices ranging between 3,500 and 4,000 soles per ton (approximately RMB 6,930 to 7,920).

Peru's Ministry of Production (PRODUCE) recently raised the fishing quota for giant squid (Dosidicus gigas) from 290,000 tons to 304,200 tons, and the fishing window will last until August 31st.

Global supply pressures have been further exacerbated by strong fishing for Argentine slippery squid (Illexargentinus) in the Argentine Exclusive Economic Zone (EEZ) and surrounding international waters. These favorable fishing conditions led to growing stocks in China and exacerbated the decline in wholesale prices for deep-sea squid, particularly large-size squid.

Weak consumer demand and weakening global markets led to a cautious trading climate for Chinese squid. The market is bracing itself for continued price volatility and uncertainty over short-term trends as a result of oversupply of squid from Peru and Argentina, and the release of new quotas for squid such as the giant squid (Dosidicus gigas).

Market dynamics remain uncertain as the giant squid (Dosidicus gigas) season is about to open in the Southeast Pacific region, such as Peru, Ecuador and Chile.

Depending on catch levels and global demand, prices may face further downward pressure.