# Strong fisheries in Peru as 92% of key anchovy quota already caught – Maritime South

> Peru's first 2024 anchovy season started April 16 with a 2.475 million tonne quota in the north-central zone. By early June, about 92% of the quota had been landed, and the fishery has recovered after last year's cancelled season.

- Date: 2024-06-03 · published 2024-06-03T12:00:00.000Z
- Category: report · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/29643-strong-fisheries-in-peru-as-92-of-key-anchovy-quota-already-caught-maritime
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Peru supplies roughly one-fifth of global fishmeal, so a near-complete quota catch with healthier stocks points to ample fishmeal supply and bearish pressure on meal prices. Soybean meal and other protein substitutes may also face softer demand from feed buyers.

## Read by commodity

- SBM: neutral
- FISHMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-11-15 | [Strong Peruvian anchovy season boosts this year’s fishmeal production - Food & Agribusiness](https://feedsoft.ai/events/27313-strong-peruvian-anchovy-season-boosts-this-year-s-fishmeal-production-food-and.md) | -0.5% | -2.2% |
| SBM | 2023-01-19 | [South American support of Chicago soy futures may soon face challenges -Braun \| Financial Post](https://feedsoft.ai/events/10665-south-american-support-of-chicago-soy-futures-may-soon-face-challenges-braun.md) | -2.5% | +1.9% |
| SBM | 2019-04-12 | [Sustainability of plant ingredients questioned as fishmeal substitutes](https://feedsoft.ai/events/59685-sustainability-of-plant-ingredients-questioned-as-fishmeal-substitutes.md) | -1.3% | -7.5% |
| SBM | 2023-03-01 | [Market to Strengthen as Animal Protein Meal Demand Increases, Canola Meal Market to Upsurge at 4% CAGR through 2033 \| Future Market Insights, Inc.](https://feedsoft.ai/events/36953-market-to-strengthen-as-animal-protein-meal-demand-increases-canola-meal-market.md) | +2.6% | -6.2% |
| SBM | 2021-05-13 | [Soy stocks tighten; biofuel demand strong in May report](https://feedsoft.ai/events/46963-soy-stocks-tighten-biofuel-demand-strong-in-may-report.md) | -9.3% | -13.4% |

## Sources

- maritimesouth.com: https://maritimesouth.com/2024/06/03/strong-fisheries-in-peru-as-92-of-key-anchovy-quota-already-caught/

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