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Analysis

Fishmeal, oil prices high but market ‘sleepy’ due to poor fishing, signs of waning El Nino

Uncertain fishing season keeping prices at $1,930/t level amid 'sleepy market'; some feel prices will climb further once season ends, others say signs of waning El Nino give hopes of better second season, and lower prices

By Eva Tallaksen | July 23, 2014 15:00 BST
Peruvian fishmeal fleet catches 63% of anchovy TAC
Anchovy fishing in Peru.
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Peruvian fishmeal fleet catches 63% of anchovy TAC

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Anchovy fishing in Peru. Photo: Copeinca

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The uncertainty surrounding Peru's anchovy fishing season has dampened demand for fishmeal and oil, causing a quiet market for now, said industry players [...]

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