Jumbo squid processing for export. (Photo: Stock File)
Demand for jumbo squid increases
Thursday, June 10, 2010, 16:30 (GMT + 9)
The reduced availability of horse mackerel and mackerel in the Peruvian coast has led the frozen seafood industry to focus on catching squid or jumbo squid (Dosidicus gigas) and dolphinfish (mahi mahi). And the high demand for pota abroad raised the price of this product to a new record, a situation that benefited the sector.
According to the chairman of the Committee on Fisheries and Aquaculture of the Exporters Association
(ADEX), Henry Quiroz, "there is a recovery in demand in domestic and international markets from Europe and China, which accounts for 90 per cent of production" .
The international market demand caused prices to peak above USD 2,000 per metric tonne, compared to the low prices (about USD 1,000 per tonne) of 2009.
Quiroz said squid processing centres of are located mainly to the north of the country, with Paita and Talara being the most highly concentrated ports, making up between 90 per cent and 95 per cent of the total, with Matarani and Ilo making up the rest.
In 2009, production amounted to 405,000 tonnes for giant squid, some 21 per cent more than in 2008.
ADEX expects that this year the volumes will be similar, but a higher price could amount to revenues of about USD 800 million.
According to data provided by the Ministry of Production
(Produce), squid last year accounted for 13 per cent of the production of frozen seafood, out of a total of 251,000 tonnes.
And in the first two months of 2010, this cephalopod accounted for 85 per cent of total frozen production.
On the other hand, dolphinfish is a very attractive product for consumers in the United States and Caribbean countries.
"10 years ago only 10,000 tonnes were extracted, and so far about 40,000 tonnes have been caught," said Quiroz.