The Peruvian government minister responsible for making the decision on whether anchovy fishing goes ahead in key north-central waters told financial publication Gestion on Tuesdaythat he is optimistic the second season will go ahead.

The fishery is a key supplier of raw material to the global fishmeal industry and is key in determining the price of fish feed used around the world.

Raul Perez-Reyes also finally put to rest any hope that the canceled first anchovy season will be revived.