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BEAVER STREET FISHERIES - OVER 70 YEARS OF DEDICATED SERVICE AND COMMITMENT

CURRENT INITIATIVES - PERU JUMBO SQUID

June 11, 2021

Fishing for Peruvian Jumbo Squid

Gear Type: Squid Jig

Volume: 362, 232 MT (2018)

FIP Stage: 3 (FIP Implementation)

Progress Rating: C (Some Recent Progress)

Start Date: February 2018

The jumbo squid fishery is one of Peru’s most important artisanal fisheries, employing more than 105,000 Peruvians and providing low-cost, high-quality protein to much of the population. It is also one of the largest squid export fisheries globally, generating $860 million in exports in 2019.

The Peruvian jumbo squid FIP is the first comprehensive squid FIP in the world. WWF worked closely with Sustainable Fisheries Partnership (SFP), the Peruvian government, and the private sector to develop a comprehensive plan to help the fishery meet the MSC standard. Seventeen exporting companies representing over 50% of total squid exports have formed the Peruvian National Chamber for Giant Squid (CAPECAL), which is working to become established as a legal entity. The independent industry association promotes the conservation and management of giant squid in Peru and supports the Peru squid FIP through political advocacy, funding, and FIP implementation.

Additional information about related initiatives can be found on these websites:
https://seafoodsustainability.org/portfolio/peru-jumbo-flying-squid


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