The landings of giant squid (Dosidicus gigas) amounted to 311,329 tonnes in 2018, increasing 10.3 percent respect to the same period of 2017, informed the Minister of Production, Raúl Pérez-Reyes.
Peruvian giant squid catching experienced a long decline period from 2014 harvest year, because of severe El Nino in 2015-2016 and last to 2017.
The minister explained that the result recorded in the first 11 months of last year was driven by greater availability of the resource, also known as giant squid, and a normalization in oceanographic conditions on the coast.
He also stressed that, at the national level, the squid catches constitutes the second most important fishing activity in Peru, both in terms of volume and exported value.
Between January and October 2018, exports of squid generated $589 million for the South American country, with more than 80% of that figure coming from Spain, China, Thailand, South Korea, and Japan.
On the other hand, On January 5, the Institute of the Sea of Peru (IMARPE) began the second phase of 24-day research cruise to estimate the giant squid biomass , with the aim of setting a sustainable catch quota for fishing of the species in 2019.
Once the study is completed,Peru will make each year´s fishing projections and elaborate the fishery management measures that guarantee its sustainability.