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Bags of fishmeal ready to be transported. (Photo: NOAA)

Expected increase in production of fish meal

Click on the flag for more information about Peru PERU
Thursday, March 03, 2011, 02:40 (GMT + 9)

The National Fisheries Society (SNP) estimates that during 2011, the production of fishmeal will recover after suffering a sharp decline in 2010 due to the impact of climatic conditions.

According to Richard Inurritegui, general manager of the SNP, the production of fishmeal will return this year to the level reached in 2009, 1.35 million tonnes.

Last year, fishmeal production dropped by 42 per cent to 786,000 tonnes.

"With regards to landings of fishery resources, there has been a significant reduction compared to the previous year, as the amount of anchovy fished reached 3.4 million [tonnes] versus almost 6 million last season," said Inurritegui.

"This is fundamentally a biological issue during late 2009, due to a warming effect resulting in a delay in spawning," continued the SNP leader.

According to official data, despite the decline in production volume, the export value of fishmeal grew by 13 per cent year on year in 2010 to USD 1.6 billion, thanks to a significant rise in prices, reports Reuters.

Last year, the price of a tonne of fish meal averaged around USD 1,480, while in 2009 it cost just USD 900, recalled Inurritegui.

Currently, 64 per cent of Peruvian fish exports consist of fishmeal.

The SNP is expects that during the current year, Peruvian exports of all fisheries products will reach between USD 2.5 billion and USD 2.6 billion.

The latest Statistical Bulletin prepared by the Ministry of Production (Produce) indicates that in November 2010, 13,000 tonnes of fish meal was exported, which is 58.2 per cent less compared to the 31,100 tonnes exported a year earlier.

In terms of value, in November 2010, fishmeal was exported for a total of USD 18.4 million, 49.1 per cent less than in November 2009 when the figure totaled USD 36.1 million.

Between January and November 2010, 1,036,100 tonnes of fish meal was exported, 26.4 per cent less than the same period of 2009. The value of these shipments was USD 1.5 billion, up 22.8 per cent over the same period in 2009 (USD 1.3 billion).

The main markets for Peruvian fishmeal were China, Germany, Japan, Vietnam, Taiwan and United Kingdom, which bought around 84.4 per cent of the total sales through November 2010.

Related article:

-
Export revenues rise despite decline in volumes


By Analia Murias
[email protected]
www.fis.com

 


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