Peru’s ample anchovy quota sends shockwaves through Chinese market
Chinese traders believe a price of $1,500/t FOB for Peruvian super prime fishmeal will not be sustainable any longer
Peru announces bumper second anchovy fishing season quota
The Peruvian production ministry has officially announced the start of the second anchovy fishing season in the country's northern-central region, effective from midnight on Nov. 1
IFFO 2024: Recap all the news from annual marine ingredients summit
Undercurrent News was reporting live from the annual conference of the Marine Ingredients Organisation held in Lisbon, Portugal, on Oct. 21 - 23
EU court strikes down fishing agreement with Morocco
The European Court of Justice has annulled the fishing agreement between the EU and Morocco, a decision that has sent shockwaves through the Spanish fishing industry
Peruvian regulators back introduction of catch size limit for anchovies
Peru's national institute for the defense of competition and the protection of intellectual property, Indecopi has officially supported a regulation prohibiting the capture of anchovy measuring less than 12cm
Fishmeal prices continue tumble as China’s imports break record
Fishmeal prices in China continue their downward trend as port inventories reached record levels and import volumes also hit an all-time high
Peruvian gov’t attributes jumbo squid scarcity to climate conditions as prices soar
The Peruvian government has denied the fishing industry's claims that the current scarcity of jumbo squid in Peruvian waters is due to illegal fishing by Chinese vessels
Booming fishmeal sales to China lead Peru seafood exports to jump nearly fivefold
Exports soared by 472.8% in volume, reaching 299,700 metric tons, with total revenues hitting $650.3 million, a remarkable 374.8% increase year-on-year
Peru fishery landings surge with strong gains in frozen, canned sectors
Peru's fishing industry saw a 56.2% y-o-y increase in landings during July 2024, with the total reaching 186,700t
Fishmeal prices in China plunge amid surge of Peruvian supply
Industry sources attribute the sharp decline to a surge in production and imports in the world's largest fishmeal-consuming country