In the last 25 years, the squid fishery has been one of the major contributors to the economy of the Falkland Islands. It is unique in the world as about 80 per cent of the total annual catch is squid. Both Illex and Loligo squid have annual life cycles, with a new generation recruiting into the fishery every year
The Falkland Islands total allowable effort and catch limits for 2013 will be largely the same as in 2012 it was agreed at the Islands’ Fisheries Committee Meeting this week.
Argentina is planning the incorporation of Chinese jiggers to catch Illex squid next season, a decision rejected by the local fishing chambers but which according to the Buenos Aires financial media is linked to the sovereignty dispute over the Falkland Islands and surrounding waters.