Not much new to report from Peru this week except that the next northern fishing season may be a little later than experts had thought with fishing possibly delayed until November but this is still just speculation.
There have also been comments in the Peru trade reports that the recent Imarpe exploratory cruise has not provided much usable information for the next season. Experts say that the cruise was done too early in the spawning season.
Stocks of fishmeal in Peru are reported to be down to the last few tons and, as has been the case for nearly all the years that I have been in the fishmeal business, every last ounce of fishmeal will be sold.
MSI Ceres mentioned in their report this week that construction has begun on the new Chancay port – a USD 480 million project, for the first stage, that should make exports from Peru flow much easier for many products in the regions around Chancay.
And finally, the regular guessing contest for the next fishing quota is in full swing with the most suggested fishing level seeming to be at 2 million m/t – but some are saying as high as 2.5 million m/t.