November 23, 2011

Peruvian fishmeal exports rise 14.3%

Peru exported 1.2 million tonnes of fishmeal from January to October 2011, 14.3% more than the same period last year.

Maximixe consultancy reported that this increase was due to the higher availability of anchovy (Engraulis ringens).

Globally, it is expected that in late 2011, the price of fishmeal would reach an average US$1,465 per tonne, a figure that is 8.2% lower than in 2010.

This decline reflects the fact that Peru, as a major world fishmeal producer, continues to increase its exports in line with the good performance of the fishery, the agency Andina reported.

According to the available data, since April 2011 there has been a downward trend in fishmeal quotation.

In that month, the average value per tonne reached US$1,519, 17.1% less than in April 2010.

In addition, for next year, it is estimated that international prices will show an upward trend and will reach an average US$1,575 per tonne.

In March, the Ministry of Production (Produce) sets a maximum total allowable catch limit (MTACL) of 3,675,000tonnes for the first fishing season for anchovy and longnose anchovy (Anchoa nasus). This limit represented 44% of that of the first season of 2010.

The fishery was developed in the area between the north-central region of the country's maritime domain and 16°00' south latitude, between April 1 and July 31.

For the second fishing season, which begins on November 23, the set quota is 2.5million, 7.4% lower than last year.