Peru’s 2024 Squid Fishing Quota Cut by 14% Amid Environmental Concerns

squid fishing

Peru’s Squid Fishing Quota Reduction for 2024

The Peruvian Ministry of Production has announced a significant reduction in the squid fishing quota for 2024, decreasing it by 14% to 499,683 tons. This decision marks a critical step in addressing both the environmental sustainability of Peru’s marine ecosystems and the long-term viability of its squid fishing industry. Squid fishing, a cornerstone of Peru’s economy, plays a crucial role in supporting local communities and maintaining biodiversity.

Details of the New Fishing Quota and Regulations

The new quota of 499,683 tons for 2024 represents a decrease from previous years, emphasizing the government’s commitment to sustainable fishing practices. This adjustment is guided by a comprehensive regulatory framework involving the Peruvian Institute of Oceanography (Imarpe), which provides scientific support and monitoring. Imarpe’s role extends to assessing biotic, abiotic, and fishery dynamics to ensure that fishing activities do not compromise the squid population’s health.

Reasons Behind the Quota Reduction

The reduction in the fishing quota is a response to several converging factors:

  • Environmental Conditions: Recent patterns, including the El Niño phenomenon, have negatively impacted marine conditions, affecting the habitat and populations of key species like the giant squid and anchovy.
  • Slow Fishing Rates: The past months have seen reduced catches, prompting a reevaluation of sustainable catch limits to prevent overfishing.
  • International Fishing Pressure: The presence of foreign fleets, especially Chinese vessels, in international waters has intensified competition and placed additional pressure on Peru’s local squid stocks.

Impact on Local and International Markets

This decrease in quota is expected to tighten the supply of Peruvian squid, potentially driving up market prices and affecting the availability of raw materials for exporters. The local artisanal fishing communities, which rely heavily on squid fishing, may face economic challenges, although the long-term health of the fishery could benefit from these conservation measures.

Sustainable Practices and Future Outlook

Peruvian authorities are advocating for enhanced sustainable fishing practices to maintain the health of squid populations. Future strategies may include more refined quota management, the development of new fishing areas, and the implementation of advanced sustainable technologies in fishing practices. The aim is to balance economic needs with environmental preservation.

Challenges and Opportunities for Peru’s Squid Fishing Industry

The industry must navigate the dual challenges of adapting to reduced quotas and dealing with environmental variability. However, these challenges also present opportunities for innovation, such as improving fishing efficiency and exploring alternative markets to diversify income sources.


The reduction of Peru’s squid fishing quota for 2024 is a significant measure that underscores the country’s dedication to sustainable marine resource management. By prioritizing the health of its marine ecosystems, Peru is setting a precedent for responsible fisheries management, which will ultimately support the industry’s sustainability and resilience. As the sector continues to adapt to these new regulations and environmental challenges, the focus will remain on balancing economic interests with the imperative of ecological stewardness.


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