Anchovy quotas in Peru are likely to be increased radically in the second fishing season. However, increased production of fishmeal doesn't necessarily mean a significant drop in prices, Arne Mogster, CEO at Austevoll, told IntraFish.

Catch quota trial fishing started this week ahead of setting quotas for the second fishing season in Peru. Mogster believes the quotas could end up at more than 5 million metric tons this year as compared to 3.8 million metric tons last year.

Last year’s quotas were low due among other reasons to massive content of small fish, while the biomass appears to be at its highest level.

Anchovy