# Peru closes 1st anchovy season with more than 98% of quota caught

> Peru closed its first 2024 anchovy season in the North-Central zone on July 18 with landings of 2,430,589 metric tons, or 98.21% of the 2,475,000 MT quota. Officials said the season was worth about USD 1.3 billion in export value and followed several difficult years for the fishery.

- Date: 2024-07-18 · published 2024-07-18T12:00:00.000Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/29154-peru-closes-1st-anchovy-season-with-more-than-98-of-quota-caught
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

A near-full quota means strong Peruvian fishmeal and fish oil output after the El Niño-driven cuts of last year. Higher supply should ease the feed protein tightness and put downward pressure on fishmeal prices.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- weareaquaculture.com: https://weareaquaculture.com/news/fisheries/peru-closes-first-anchovy-season-with-more-than-98-of-quota-caught

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.