Peru's anchovy quota boost, sustainable aquaculture growth, and climate resilience

Peru announces a significant increase in the anchovy fishing quota for the next season, setting it at 2.51 million tons, marking a high since 2014. This decision is of particular importance as Peru is a major contributor to the global fishmeal supply, accounting for approximately 20%. The IFFO conference in Lisbon highlighted trends in marine ingredient consumption, noting a decline due to reduced fishing in Peru, but with opportunities for growth in other regions like India. The conference also discussed the importance of sustainable aquaculture, which is outpacing capture fisheries, and the need for efficient use of resources in feed production. Other topics included the economic implications of protectionism, the challenges of communicating the environmental and nutritional benefits of protein sources, and the potential of aquaculture to meet future food demand as a low-carbon protein source. The conference also touched on the financing of salmon farming growth and the dynamics of Mediterranean aquaculture, with a focus on sea bass and sea bream, highlighting the sector's challenges and prospects for growth.