Global Squid Market Dynamics: Week 47, 2025

Price Divergence & Supply-Demand Imbalance

According to a market report released by FoodMate on November 24, 2025, China's distant-water squid market continued its downward trend in Week 47 (Nov 14–20). The overall market showed a structural contradiction of high inventory, low demand, and weak transactions.

Core Market Trends

Week 47 Overview (Nov 14–20)

· Overall prices: ↓ widespread decline

· Market inventory: ↑ high levels

· Southwest Atlantic: ↑ rebound

Regional Price Divergence

Southeast Pacific Origin: Continued Weakness

Prices in this region continued to fall. The average settlement price at Zhejiang Agricultural Center was approximately 18,017.35 yuan/ton. Notably, small-head and tail-fin specifications saw significant drops of 848 yuan/ton and 527 yuan/ton, respectively, while tail-tip and squid neck prices rebounded slightly.

Southwest Atlantic (Outside EEZ): Rebound After Decline

In contrast to the Southeast Pacific, squid prices in this region rebounded after a decline. The average settlement price was around 35,423.40 yuan/ton. However, due to quality variations, quotations still saw slight dips.

Supply-Demand Contradiction Intensifies

Supply Side: Loose

Peru resumed fishing and added 38,600 tons of supplementary quota, keeping raw material supply abundant. Market prices are unlikely to stabilize in the short term.

Demand Side: Cautious

Downstream processors are cautious in procurement, and consumer recovery is slow, preventing effective price support. Industry insiders believe that if year-end catering and processing demand does not improve significantly, squid prices may continue to fluctuate at low levels.

Key Takeaway

The global squid market in Week 47 reflects a classic supply-demand imbalance: oversupply from Peru and weak domestic demand are driving prices down, while regional variations in the Atlantic offer brief rebounds. The outlook remains cautious unless end-user demand picks up.