The second-highest Peruvian anchovy quota in north-central waters in a decade has left the industry and market watchers confused about where the market is headed, analysts told IntraFish.

Last week, Peru's Ministry of Production (Produce) authorized a 2.792 million-metric-ton anchovy quota for the first season of 2022 in north central waters.

The quota is 12 percent higher than for the same period last year.

Full fishing is expected to begin on May 19.

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The strong quota is a clear sign of the sustainable management of the anchovy fishery in Peru, where biomass has been estimated once again at around 10 million metric tons, according to Enrico Bachis, market research director at fishmeal and fish oil trade group Marine Ingredients Organisation (IFFO).