Peru Sets Ambitious Quota for Second Anchovy Fishing Season
On Wednesday, Peruvian authorities announced a significant boost in the quota for the second anchovy fishing season in the northern-central region of the country. The newly established quota stands at 1,630,000 metric tons, a number that surpasses the provisional quota of 500,000 metric tons disclosed on November 1.
Details of the Fishing Season
The second fishing season officially commenced on November 7. The substantial increase in the anchovy quota is noteworthy, especially considering Peru’s pivotal role in the global fishmeal supply chain.
Global Implications
In an average year, Peru contributes roughly 20% of the world’s fishmeal production. Consequently, the anchovy quotas set by the government hold significant importance for the fishmeal and aquaculture industries, directly impacting the prices of this crucial raw material used in animal feed.
Conclusion
As the fishing season unfolds, industry stakeholders will be keenly monitoring the developments in Peru’s anchovy quotas. The heightened quota could provide much-needed supply for global markets, indicating a robust season ahead for the fishing and aquaculture sectors.
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