No word as yet on the new fishing quota in Peru but there is word on the new President in Peru and it seems that the Presidential election result was almost down to the last vote. The folks at MSI Ceres are calling a "cliff hanger". At least they didn't seem to have a "hanging chad" problem.
On the fishmeal side of things, the feeling seems to be that once the new quota, if any, is announce then the fishing season will probably be extended to later than in the past this since the quota is being set so late in the normal fishing season.
As can be seen by the prices below, everything has moved much higher in the last couple of weeks, fueled to a large degree by the uncertainty on what is going to happen with regard to fishing. There is very little fishmeal currently available in world markets and with all protein prices merrily moving higher then there is certainly no good reason for fishmeal prices not to move up.
There is still some Southern Peru fishmeal coming to market every week but it sells at once and Northern producers are just not interested in booking future sales when they don't know if they will have anything to sell.
It won't be too long now until we hear what the new Peru fishing quota will be but it certainly feels like we have been waiting forever for the quota.