Peru squid continues to fall, large-size Argentine squid rises again
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In week 25 of 2026, domestic distant-water squid market prices showed clear directional differences. From June 12 to 18, Southeast Pacific squid quotes continued to decline, large-size Argentine squid products continued to rise, and Northwest Pacific squid and Indian Ocean squid prices were basically stable. The supply rhythm, import arrivals and resource expectations of different production areas are pulling the domestic squid market into several different price lines.
Southeast Pacific squid remained the category with the most obvious adjustment this week. In the Zhoushan, Zhejiang market, online transactions in week 25 totaled about 1,664 tons, with trading activity slightly higher than in the previous period, but the volume was not yet sufficient to support prices. Large-head (Daitou), some whole-tube and slice products all declined, among which 500–1000 g small whole tubes fell by a larger margin, and 1000–2000 g medium whole tubes also continued to decline. In the Weihai market's June 18 quotes, Peruvian Equatorial squid of 300–500 g, 500–1000 g and 1000–2000 g were quoted at 14,700 yuan/ton, 14,000 yuan/ton and 13,200 yuan/ton respectively, with prices overall edging down slightly.
The decline in Southeast Pacific squid is related to high Peruvian production and concentrated import arrivals. Peru's Ministry of Production had previously raised the 2026 maximum allowable catch of jumbo flying squid (Dosidicus gigas) to 539,230 tons based on IMARPE resource assessment results. As of June 18, Peru's cumulative jumbo flying squid landings reached 466,964.36 tons, completing 86.60% of the annual quota. With quota progress nearing the later stage, short-term supply has not tightened significantly, and after domestic arrivals increased, prices for some specifications came under pressure.
Uncertainty remains in the Peruvian market. Local fishing continues at a high level, nearshore fishing pressure is rising, and the subsequent resource status and production changes in the second half of the year still need to be tracked. A local bill involving about 2,000 fishing vessel registration slots has also emerged. With the consumer market already at high prices, if fishing capacity continues to expand, it may add to resource pressure. High-seas fishing has performed relatively well recently, which will also affect domestic traders' judgment on future supply.
Argentine squid, by contrast, has followed another price line. In week 25, off-line supply of Southwest Atlantic squid continued to strengthen, with large-size products rising more noticeably. Specifications above 200 g generally rose, with 300–400 g rising to 40,500–41,500 yuan/ton, 400–600 g also reaching 40,500–41,500 yuan/ton, and specifications above 600 g quoted at 40,500–42,000 yuan/ton. The Weihai market's June 18 Argentine squid quotes also showed slight increases, with 150–200 g, 200–300 g, 300–400 g and 400–600 g quoted at 36,500 yuan/ton, 37,500 yuan/ton, 38,500 yuan/ton and 38,500 yuan/ton respectively.
The rise in Argentine squid prices mainly comes from a seasonal contraction in supply. Southwest Atlantic squid fishing has now ended, new supply is limited, and after large-size product inventories are digested, price support is more easily formed. The market also remains attentive to Argentine resource and policy changes. The Province of Buenos Aires had proposed a related bill to add 18 squid vessels, but the Federal Fisheries Council believed there was currently insufficient scientific basis to support a substantial increase in fishing capacity. This issue will not affect supply this season, but it will affect the market's expectations for future Argentine squid resource management and capacity expansion.
Northwest Pacific squid prices remained stable this week. In Zhoushan market quotes, specifications below 300 g remained at 21,000–23,000 yuan/ton, 300–500 g at 20,500–25,500 yuan/ton, and 500–1000 g at 19,100–22,000 yuan/ton. This category showed no obvious rise or fall this week, with the market relying more on existing inventories and stable orders to maintain circulation.
Indian Ocean squid also changed little. In week 25, quotes for all specifications of Indian Ocean squid were flat versus the previous week, with 100–300 g quoted at 13,300–15,000 yuan/ton, 300–500 g at 12,500–13,500 yuan/ton, 500–1000 g at 11,500–12,000 yuan/ton, and large specifications above 1000 g maintained in the 10,500–11,000 yuan/ton range. This category is lower-priced and corresponds more to mass processing and circulation demand, with no obvious short-term fluctuations.
Customs clearance data also reflect changes in the pace of domestic arrivals. In week 25, the volume of distant-water self-caught squid cleared through the Zhoushan port fell month on month. A slower import pace helps digest some inventories, but the impact on different categories is not uniform. Southeast Pacific squid is still under price pressure from earlier arrivals and production factors, while Argentine squid continues to be supported by the end of the fishing season and reduced supply of large specifications.
The core change in the squid market this week is the clearly different price directions of Peruvian squid and Argentine squid. The completion rate of the Peruvian jumbo flying squid quota is already relatively high, but short-term arrival and inventory pressure remains, and some specifications still have room to move lower. New supply of Argentine squid has decreased, and large-size quotes continue to rise. Northwest Pacific and Indian Ocean squid prices are temporarily stable, and subsequent trading will still depend on Peru's quota progress, domestic clearance volumes, Argentina's resource policy and the digestion of large-size inventories.
Note: This article was compiled based on the weekly report of the Zhejiang Zhoushan International Agricultural Products Trade Center
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