Peru: Anchovies and new strategies to protect against climate and environmental risks

Frozen Anchovy

Seafood

Published Jan 30, 2024

Tridge summary

Peru, the world's leading exporter of blueberries and anchovies, has experienced significant fluctuations in its fish yields due to the El Niño phenomenon, impacting the global blueberry supply chain with a 29% drop in production. This has resulted in losses of several hundred million dollars. Solutions such as developing climate-resistant varieties and implementing active protection systems are being considered, but the rising cost of insurance against adverse weather conditions poses a challenge. A discussion on risk protection with Giuseppe Netti, Italy manager of Arrigoni Spa, will be aired by Italian Berry on February 5, 2024.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Peru is not only the largest exporter of blueberries in the world. From 1960 onwards, the cumulative weight of Peruvian anchovies caught has consistently exceeded that of any other fish species globally. However, annual catches have fluctuated significantly (Laws). El Niño has a devastating impact In the period from 1962 to 1971, annual catches averaged 9.7 million metric tons (Mt), but there was a dramatic decline in 1972 and the average fell to just 1.3 Mt in the decade to come from 1976 to 1985. This substantial variability in fish yields represents a considerable challenge for the economic planning of a country strongly dependent on foreign trade generated by this singular source. One cause of the large fluctuations in anchovy catches is a phenomenon called El Niño, an intrusion of warm, nutrient-poor water from near the equator southward along the coast of Peru. Is the same happening to Peruvian blueberries too? In fact, the phenomenon with the greatest impact on the global ...

Source: Italianberry