Maldives fisheries ministry has launched a pilot project to introduce commercial fishing of diamond-back squid in the archipelago.
The ministry with the assistance of JICA, has looked into the commercial exploitation of that resource with a high demand in Japan.
Authorities had fished 11 diamond-back squids under the project.
The diamond-back squid is predominantly consumed as sashimi in Japan is worth USD30 per kg on the global market at present.
The so-called ‘giant squid’, in fact scientifically known as Thysanoteuthis rhombus or diamond-back squid, is a large squid species growing to 100 cm in mantle length and a maximum weight of 30 kg.
The species occurs worldwide, throughout tropical and subtropical waters.