On July 6, the Ministry of Production of Peru (Produce) published Ministerial Resolution No. 00191-2026-PRODUCE, lifting the 2026 national Total Maximum Permissible Catch (LMCTP) for Humboldt squid from 539,230 tonnes to 589,230 tonnes, representing an additional quota of 50,000 tonnes. This marks the third upward revision of the annual fishing limit by Peru this year. Under the latest regulations, a remaining catch volume of 68,218 tonnes will be available for harvest between July 6 and...

The U.S. Fish and Wildlife Service (USFWS) has issued a final rule formally including cephalopods such as squid, cuttlefish and octopus within the federal regulatory definition of shellfish. Set to take effect on July 23, the new rule aims to resolve longstanding regulatory ambiguities, eliminate overlapping oversight during import, export and inspection procedures, and lower trade costs for America’s cephalopod industry. The U.S. government estimates this single regulatory adjustment will...

Prices of block-frozen PBO pollock fillets and surimi have climbed back to elevated levels, yet market participants do not expect a repeat of the sharp price slump seen in 2023. On June 8, Rasmus Soerensen, Chief Commercial Officer at American Seafoods Group, the largest offshore pollock processor in the United States, stated that the drivers behind the current price rally differ from those in 2022 and 2023, with notable shifts in inventories, market demand and the flow of Russian supplies....