Difficult squid market

2008 was once more a year of low prices, created by heavy landings of Illex squid. Argentine traders were again, like last year, unable to take advantage of the good supplies, and discounted Illex prices to extremely low levels. For this reason, prices became too low to keep up with worldwide increasing fuel prices, thus part of the Argentine fleet decided to stay in the harbours, as catching activities had become uneconomical.

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