Changes in Chinese demand boost demand for Peruvian fishmeal

Published 2020년 12월 2일

Tridge summary

The Peruvian Ministry of Production has set the anchovy fishing quota for the second season at 2.78 million tons, the same as the previous year. Despite completing only 36% of the quota in early January 2020, the pandemic and ocean conditions have impacted fishing operations. IFFO predicts a balance in the global fishmeal and fish oil supply and demand by 2021. Pesquera Exalmar, a Peruvian fishery and processing company, believes the quota exceeds expectations and is waiting for the market's response. The demand for fishmeal is expected to rise due to increased global shrimp production, which has been affected by the pandemic. China is also looking to increase its seafood purchases to make up for lost Chilean salmon and Ecuadorian shrimp.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

News from Intrafish on November 25, the Peruvian Ministry of Production announced that the quota for the second anchovy fishing season in the north-central waters was 2.78 million tons, which surprised the market, but provided practitioners with a more positive vision, which is coming soon Although the quota for the second fishing season was the same as that of the same period last year, due to the large number of juvenile fish, the fishing operations in early January 2020 only completed 36% of the quota. Observers predict that the fishing quota will be 200-240 tons. At the time, the COVID-19 pandemic has delayed fishing operations, but the quotas are only figures on paper. The specific fishing depends on the ocean conditions at the time. The cold Kelvin waves and the potential La Niña phenomenon are both affecting the Peruvian Pacific coastline. This will have a negative impact on anchovy fishing operations. It is expected that global fishmeal and fish oil will achieve a balance ...

Source: Foodmate