Projections for the global fishmeal and supply this year are more or less on par with last year's supply of 4.5 million metric tons, according to Enrico Bachis, chief analyst at IFFO.

Speaking at the North Atlantic Seafood Forum (NASF) in Bergen, Norway, this week, Bacchis said Peru remains the largest x-factor in the feed market this year.

Should science and politics coincide, the country could be looking at a total anchovy quota of more than 5 million metric tons for the year.