Very, very little to report from Peru this week. Fishing in the South has been zero for the past few weeks now with a balance of 350,000 m/t of catch left on the 382,000 m/t quota and only until December 31, 2016 to use up the balance.
There is nothing in the way of buying interest in the Peru market at present and, as mentioned last week, the sellers don't mind waiting to book more business --- they can't sell what they don't have and most are loath to sell too much on an unknown quota level. On some occasions in the past, producers had oversold their expected stocks and ended up with unhappy buyers.
The best guess on the next Peru fishing quota seems to be at about 2 million m/t total catch but there is some concern that even that level may not be able to be landed, depending on when the fishing season actually begins. Some trade folks feel that we may just see a maximum of 1.5 million m/t catch, no matter what the quota is set at.