See you at Booth 2647-3, March 16-18, 2025 in Boston, USA, Seafood Expo North America 2025

The 2024 season elver season is coming to a close, but with the end of the season comes an important change in the eel market: Prices continue to be bullish. The past fishing season saw a significant decline in elver catches in East Asia, which has had a profound impact on the eel market.

Last year, the giant squid fishery in Peru's EEZ(Exclusive Economic Zone) had a historic harvest, and this year production has fallen so sharply that domestic prices in Peru have risen to as high as PEN 24/kg ($6.36/kg), causing processors to shy away from even acquiring the raw material.

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Early reports of poor squid catches in Argentina are pushing prices higher in the Chinese squid market. Prices have been rising since Argentina's fishing season began on Jan. 10 as factories feared a potential shortage of supplies this year. The increase is between 200 and 300 US dollars per ton.

Prices for yellowfin tuna for December delivery continue to fall in several regions, driven by weak demand in Europe. Weak demand in Europe has led to low prices, as has skipjack tuna. The European canned tuna industry is going through a difficult period characterized by a challenging marketing season.