See you at Booth# 2C102 April 21-23, 2026 at Seafood Expo Global in Barcelona, Spain

The gigas squid stocks are experiencing significant depletion, leading to a pronounced increase in price levels. From January to August of this year, the prices of gigas squid have remained elevated, with the annual average price reflecting an increase of nearly 62% points compared to the same period in the previous year. Notably, during the first week of June, Peru initiated the harvesting of smaller squid varieties, which were priced lower; however, the overall trend for squid prices in Peru has been upward. Particularly striking is the remarkable surge in prices observed in the first week of September, where the current weekly average price has reached 10,750 soles per tonne, marking the highest price level seen in nearly three years.

Traditionally, the four most famous fishing grounds in the world are the Hokkaido fishing grounds in Japan, the Newfoundland fishing grounds in Canada, the North Sea fishing grounds in the United Kingdom and the Peruvian fishing grounds in Peru. These fisheries are famous for their rich fishery resources and unique reasons for their formation. Nowadays, with global warming and changes in fishery resources, the emerging four major fishing grounds are gradually replacing the traditional fishing grounds as the new fishing centres.

The 27th China International Fisheries Expo and China International Aquaculture Exhibition (hereinafter referred to as the ‘Fisheries Expo’), hosted by the Agricultural Trade Promotion Centre of the Ministry of Agriculture and Rural Development (CCPIT Agricultural Sub-Council), was opened at the Hongdao International Convention and Exhibition Centre in Qingdao City, Shandong Province, on 30th October.

On May 12, 2025, China and the United States Achieve Major Breakthrough in High-Level Economic and Trade Talks Held in Geneva The two countries jointly issued the *Sino-U.S. Joint Statement on Economic and Trade Talks in Geneva*, announcing that they would eliminate 91% of additional tariffs imposed on each other and suspend the implementation of 24% of tariffs for a period of 90 days. This move not only presses the “pause button” on the thawing of bilateral economic relations but also brings a significant turnaround for the seafood trade, which had previously suffered heavy losses.

Since the Ukrainian war, global cod prices have risen sharply, and supply chain uncertainty has increased day by day. The European market has begun to look for alternatives to wild whitefish, and farm...