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Marine pelagic environment is the largest aquatic habitat on Earth, housing 11pct of known fish species. (Photo: Stockfile/FIS)

Pelagic world landing would grow 7 pct in 2017, FAO forecasts

WORLDWIDE
Wednesday, August 09, 2017, 22:40 (GMT + 9)

Global landings of small pelagics are expected to grow by 7 per cent this year, compared to 2016, mainly due to the increased catch expected for Peruvian anchovy. An increase in Atlantic mackerel and Atlantic herring landings is also estimated, although not as much as that of anchovy, according to an FAO report.

The increase in herring and mackerel landings in 2017 would be about 4 per cent compared to 2016. This could exercise certain pressure on prices, but as the increase is relatively moderate, there are no drastic changes in prices. However, currency exchange rates may play a greater role in price formation.

The FAO report, which analyzes the market situation in 2016 and for the period from January to March 2017, indicates that the outlook for the anchovy fishery in South America during 2017 is positive. And it adds that a significant increase in landings is expected, despite reports that the stocks are not in good condition.

Peru closed the second anchovy season in 2016 in January, with an accumulated landing of 1.73 million tonnes out of a total quota of 2 million tonnes. At the end of last year, Peru captured 68 per cent of the anchovy quota. In the northern-central region of the country 1.36 million tonnes were landed.

Regarding horse mackerel, the FAO report notes that the Peruvian Ministry of Production has set the horse mackerel quota for 2017 at 100,000 tonnes, 7.5 per cent higher than that of 2016. And Chile also increased its horse mackerel quota by 1 per cent, to 300,000 tonnes. In Peru, most of the horse mackerel caught is destined for direct human consumption, while in Chile part is processed and frozen, and a large quantity is processed into fishmeal.

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