# Peru catching 150,000t of anchovy to produce 'illegal' fishmeal - Undercurrent News

> Peru is reportedly catching about 150,000 tonnes of anchovy to produce fishmeal that is described as illegal. The catch is outside regulated channels and adds unregulated supply to the market.

- Date: 2019-02-13 · published 2019-02-13T12:00:00.000Z
- Category: policy · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/60688-peru-catching-150-000t-of-anchovy-to-produce-illegal-fishmeal-undercurrent-news
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Additional anchovy-based fishmeal output adds supply that could weigh on prices, although the legal status creates uncertainty about how much reaches the market. Regulatory action against the output could reduce supply and reverse the effect.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2019/02/13/peru-catching-150000t-of-anchovy-to-produce-illegal-fishmeal/

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