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Peru announced a 2.1 million ton quota for the first 2019 anchovy fishing season in the north-central coast, with the season starting May 4. The quota follows IMARPE research showing the north-central anchovy stock rose to 7 million tons in early April with high juvenile presence.
The minister also said new fishing rights will apply in the second season.
Anchovy is the main raw material for fishmeal, a key protein ingredient in aquafeed and livestock feed, so the quota size sets global fishmeal supply. A quota within a large, growing stock points to ample supply and softer fishmeal pricing.
aquafeed.comAquafeed Media SLUMay 2, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
