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SNP president Elena Conterno pointed out the quota allocated by PRODUCE has a precautionary approach. (Photo: SNP)

Second season will generate USD 800 million in fishery exports

  (PERU, 11/13/2018)

The National Society of Fisheries (SNP) reported today that the quota of 2.1 million tonnes of anchovy catch for the second fishing season in the northern - central region will generate around USD 800 million of fish exports, and more than USD 50 million in revenue for the crew.

SNP president Elena Conterno said that the quota allocated by the Ministry of Production (PRODUCE) has a precautionary approach and has been determined in order to ensure the existence of 4 million tonnes of adult anchovies at least for the next spawning peak.

Pelagic purse-seiner vessels anchoured in harbour. (Photo: SNP / Austral)

“We are in the normal range of quotas for the second season, which ranges from 2 to 2.5 million tonnes. When establishing the quota, the Ministry has taken into account the probability of a weak El Niño phenomenon, which we believe will not impact fishing activities in the coming weeks," she noted.

In this context, she estimated that, of the total quota announced today, the industrial fleet could capture 400,000 tonnes in November, one million tonnes in December and 700,000 tonnes in January.

"With the landings obtained so far in 2018, both in the northern-central and southern areas, and added to the catch forecast that for the remainder of the year, we should end with approximately 5.5 million tonnes of captured anchovy, exceeding the levels of the last six years, where it was below 4 million," she said.

Regarding the effect on the Gross Domestic Product (GDP), Conterno said that estimates made by specialists forecast that the second season could contribute up to one percentage point of growth to the Peruvian economy in the fourth quarter of this year.

 

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