# Indirectly Subsidized by the Government, Industrial Fishing Companies in Peru Continue to Reap Profits | Earth Journalism Network

> A Earth Journalism Network report says Peru's industrial fishing firms benefit from a fishing-right fee that stayed at 0.25% for a decade before rising to 0.43% in 2019. Over 5 million tons of fish, mostly anchovy, left Peru's ports in 2020.

- Date: 2021-12-27 · published 2021-12-27T12:00:00.000Z
- Category: policy · region Peru · magnitude low
- Page: https://feedsoft.ai/events/43487-indirectly-subsidized-by-the-government-industrial-fishing-companies-in-peru
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

The story concerns fee policy and subsidies affecting Peruvian anchovy fleets, which feed the fishmeal supply; it does not show an immediate change in catch volumes or prices.

## Read by commodity

- FISHMEAL: neutral

## Sources

- earthjournalism.net: https://earthjournalism.net/stories/indirectly-subsidized-by-the-government-industrial-fishing-companies-in-peru-continue-to

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