Global fishmeal production decreased by about 27 percent in the first three months of 2024 compared to the same period in 2023.
The decline was due to below-average catches during the second fishing season in 2023 in north-central Peru. This reduction in quotas has led to lower catches in early 2024. According to IFFO, Ocean Components Organization.
Peru’s anchovy fishery ended its second season on January 12th, with 25% of its catch remaining in the water. This further exacerbated the initial shortage caused by the cancellation of the first season in 2023.
A sluggish start to 2024 is on a positive note thanks to the latest quota quotas for Peru’s anchovy fishery.In the north-central region of Peru, approximately 1,237,500 tons (MT), or Fifty percent of the 2,475,000 metric tonne
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