China Squid Market Update : November 16, 2016
China squid Todarodes Pacificus season, Aug-Nov now ending. Catch has been approx. 40% less than last season. Prices are very high.
Illex squid, season is January to April. Illex fishing vessels normally return to China March/April. If 2017 catching is still affected by El Nino, both Illex & Todarodes Pacificus prices will increase.
If Illex catches in 2017 improve significantly over 2016, we could see squid prices in general move down, possibly significantly. If Illex catching only returns to normal quantities, prices might move down only slightly.