# IUU allegations fly in Peru as industry warns of $600m fishmeal export losses - Undercurrent News

> Industry groups warn that Peru faces around $600 million in fishmeal export losses after the anchovy season was cancelled. Illegal, unreported and unregulated (IUU) fishing allegations are circulating in Peru. The article reports on the dispute surrounding the fishery's shutdown.

- Date: 2023-08-24 · published 2023-08-24T12:00:00.000Z
- Category: policy · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/34687-iuu-allegations-fly-in-peru-as-industry-warns-of-600m-fishmeal-export-losses
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Lost Peruvian fishmeal exports reduce global availability of a key protein feed, supporting higher prices. Continued uncertainty over the fishery's reopening keeps the supply outlook tight.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2023/08/24/iuu-allegations-fly-in-peru-as-industry-warns-of-600m-fishmeal-export-losses/

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