ANALYSIS: Navigating Volatility: US Squid Market Trends and Supply Dynamics in Late 2024
The U.S. squid market continued to grapple with significant challenges as 2024 drew to a close. Peru, a key supplier, has faced sharp supply declines throughout much of the year, with imports down 16.3% year-to-date through November—equivalent to nearly 2 million pounds below 2023 levels. November alone witnessed a dramatic 62.4% drop, amounting to a loss of 650,000 pounds. These steep declines have forced many buyers to seek alternatives amid a market already strained by external pressures...
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