This figure is significantly higher than the provisional quota announced on November 1—at the time, the suggested total allowable catch was only 500,000 tons. The new fishing season officially began on November 7.
Peru holds a crucial position in the global supply of fishmeal, with an annual production that accounts for approximately one-fifth of the world's total. Therefore, its anchovy quota has long been closely monitored by the global fishmeal and aquafeed industries, as this data has a critical impact on the prices of feed ingredients.
Enrico Bachis, Market Research Director of the International Fishmeal and Fish Oil Producers' Organization (IFFO), stated: "This official quota is much higher than the provisional quota set on November 1, reflecting the scientifically-based management approach of the world's largest single-species fishery. The anchovy fishery contributes an average of 20% of the global fishmeal production annually."
He added that the latest biological survey results have kept this quota roughly at the same level as the fourth quarter of 2023, but below the quota approved for the fourth quarter of 2024.
Bachis pointed out: "Our forecast for the global fishmeal production in 2025 remains at 5.6 million tons, with fish oil production expected to be between 1.2 million and 1.3 million tons."
The Peruvian Ministry of Production (Produce) officially announced this quota on November 12 in the country's official gazette, "El Peruano."