Another week has gone by without landings in Peru, hence still only 3.603 tons landed
from the current 450.000 tons August/December quota for the southern ports.The main focus remains on the El Nino development and its impact on the anchovy biomass development. A Kelvin wave is expected to reach the Peruvian coast in near future, and although still uncertain if there will be a 2nd fishing season this year, there are hopes for a quota of about one million tons starting from mid October sometime. The research cruise is expected to finish about one week from now, but we hear that higher than normal water temperatures (1-2 centigrade above normal, in some areas 4/5 degrees higher) have pushed the anchovy close to shore. There are rumors about an observed biomass in the area from the southern borders up to Chicama at between 3 and 4 million tons, but Imarpe has as far as we understand not disclosed any estimates. An interview with the Ministry of Production was Friday published in the Peruvian newspaper “Gestion”, where he was quoted as saying that he still expected a 2nd fishing season, but he said also that the sustainability of the stock was first priority. The Peruvian fish meal market seems now rather quiet. Availability is getting tighter and many sellers have withdrawn from the market. Some sources have mentioned ideas around USD 1.750-1.780 FOB for Super Prime fish meal. China seems mostly unchanged with fish meal stocks now around 119.000 tons and Super Prime reportedly trading around RMB 12.000-12.200.