Crisis in the fishing sector has left 69% of fishmeal plants inoperative in southern Peru

Frozen Anchovy

Seafood

Peru

Market & Price Trends

Innovation & Technology

Published Mar 12, 2024

Tridge summary

The anchovy fishing industry in southern Peru has experienced significant losses since 2012, with a reduction of 3 million metric tons of landings and US$1,886 million in exports. This is due to factors such as the high presence of juveniles, regulatory changes, and constant bans due to imprecision in regulations on the minimum legal catch size. The crisis has had a significant impact on the southern economy, equivalent to nearly 20% of Arequipa's GDP in one year. The article suggests that better fisheries management measures are needed to prevent the industry's collapse, and without resources or incentives, the plants could be dismantled. The cost of reactivating the operations of the nine stopped plants is estimated to be US$500,000 per MT.

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Original content

Macroconsult presented the study “Economic impact of anchovy fishery management in the southern zone” which revealed the loss of 3 million metric tons of landings, as well as US$1,886 million in exports, due to the crisis of the sector in the south of the Peru. According to the report, this crisis is due to various factors, such as the high presence of juveniles, as well as the elimination of the Special Fishing Regime (REP) and the constant bans due to an imprecision in the regulations on the minimum legal catch size of anchovy. . “In the southern area there is a depression in fishing, especially after COVID-19, and not only due to purely climatic factors. The fishing reorganization has affected the southern economy from 2012 until now with a cumulative equivalent of close to 20% of Arequipa's GDP in one year,” said Elmer Cuba, partner at Macroconsult. Anchovy bans The main obstacle facing the fishing sector in southern Peru is linked to the regulations on the minimum legal catch ...

Source: Apnoticias