Peru: Fishmeal sector remains confident over market outlook

Published 2021년 7월 30일

Tridge summary

The Peruvian fishmeal and fish oil industry had a positive year in 2020, with a 33% increase in fishmeal production and a 37% increase in fish oil production compared to 2019, despite the challenges of COVID-19. The industry remains confident for the 2021 anchovy fishing season, with the Quota for the first anchovy fishing season expected to be announced soon. In 2020, China imported over 45% of its fishmeal from Peru, and there is expected to be a continued need for fishmeal imports due to recovered demand in China's aquaculture and hog farming sectors.

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

Original content

Fishmeal sector remains confident over market outlook. The Marine Institute of Peru (IMARPE) concluded its evaluation of the anchovy biomass along the coast in April, with the Peruvian Ministry soon to announce the quota for the first anchovy fishing season., according to an article on the FAO website. The article states: Thus far, there is no negative news concerning the upcoming fishing season and the sector is confident. Overall, 2020 has been a positive time period for the fishmeal and fish oil industry, as the annual production quantity of fishmeal in Peru reached 1.07 million tonnes in 2020, up by 33 percent compared to 2019. Meanwhile cumulative fish oil output saw a year-on-year increase of 37 percent. Production In anticipation of the first anchovy season of 2021 in the north-central area of Peru, ongoing fishing activities are occurring in the south of the country with the quota of 409 000 tonnes. Until mid – April, over 30 percent of the quota was reported to be landed. ...

Source: Fish Focus