Mintec to launch new monthly Mintec Benchmark Prices (MBP) for Chinese origin squid

All Market Notes 15 September 2023

Following a period of market feedback, Mintec has decided to launch eight new monthly Mintec Benchmark Prices (MBP) for llex illecebrosus squid (‘Illex’). The launch date will be Friday, 29th September 2023.

The initial proposal was announced in a market note published on 31st August 2023, which can be viewed here.

The specifications for these assessments will be as below:  

The assessments will reflect the transactable value at 16:00:00 London time.  

Illex is one of the most widely traded species of squid and is popular for both retail and foodservice usage. China is the major global hub for importing and processing Illex. European ports around the Mediterranean Sea are key destinations for Chinese exporters.  

China’s importance as the major supplier of processed Illex, and Europe’s position as a major Illex consumer, supports the demand for these benchmarks. The launch of these new assessments will provide independent reference points for industry and provide Mintec subscribers additional insight into the global squid markets.  

Please send any questions or comments about this market note to Methodology@mintecglobal.com and clearly state which market note your comments relate to, and if comments are intended for publication by Mintec.  

Mintec will acknowledge receipt of all comments by email.