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

Published Oct 23, 2024

Tridge summary

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.

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

Original content

Peru has announced that the second anchovy fishing season in the country’s North-Central region will commence on November 1, with a substantial quota set at 2.51 million tons. This marks an increase compared to the previous seasons, which saw quotas of 2.283 million tons in 2022 and 1.682 million tons in 2023. Peru typically accounts for around 20% of the global fishmeal supply annually, so the announcement was welcomed by delegates at the annual IFFO conference in Lisbon, Portugal this week. That event featured around 30 speakers, who discussed strategies for various feed ingredients, along with supply and demand trends for fish oil and fishmeal. Dr Enrico Bachis, market research director at IFFO, presented the organization’s 2023 data on marine ingredient consumption. He noted a decline in fishmeal exports, primarily due to reduced fishing in Peru, though India saw an increase in its exports. Fishmeal imports also dropped, with a slight reduction from China, while the rest of ...

Source: UKfeednavigator