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November 10, 2016

 

World cephalopod supplies increase, but squid catch dwindles
 

 

While cephalopods constitute a small part of total global landings, its share of the total supplies has increased from about 2% in 1980 to over 5% today.

 

This was pointed out in a one-day conference on cephalopods in Vigo, Spain, early last month. 

 

In the first part of the conference, which was attended by about 370 participants, the focus was on production and trade of cephalopods in the most important supplier countries including Argentina, Chile, Peru, Mauritania and China. 

 

It was the general consensus, however, that supplies of squid are low this year and are expected to remain low for the rest of the year. Consequently, price increases are expected.

 

For octopus and cuttlefish, the supply situation was considered better.

 

As a consequence of a much tighter supply situation, the volume of trade in squid and squid products has declined. However, for some countries, this trade has been in decline for some years, and the situation in 2016 will aggravate this, according to the conference.

 

The conference said that because of low supplies, prices are on the way up. "In some markets, like China, the price of squid has already doubled, and is expected to climb even higher".

 

The world congress was organised by Conxema, in cooperation with FAO.

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