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Peru's anchovy fishery, the world's largest by volume, is preparing for its first 2025 season after a strong 2024 catch of over 4.8 million MT. The Peruvian National Fisheries Society flagged four issues that could hinder output, including black-market supply of anchovy meant for direct human consumption.
Peruvian anchovy landings largely set global fishmeal and fish oil supply, so any shortfall or regulatory delay would tighten meal supply and support prices for feed buyers.
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