PERU fishing with guts to report…
Production fishmeal would reach 800,000 metric tons this year, according to estimates by Scotiabank
Exports flour fish would increase this year about 12 percentage points to US $ 1,460 million due to a recovery in domestic production plus higher average product prices in the international market, predicted Scotiabank.
According to a report by the Department of Economic Studies, Scotiabank expected Anchovy fishing, the primary resource industry fishmealIt will reach 3.5 million metric tons in 2015, ie 53% compared to the estimate for last year. In line with the volume of landings of AnchovetaThe financial institution estimated production fishmeal will increase to around 800,000 metric tons in 2015.
Also, Scotiabank expects the international price fishmeal maintained its upward trend until the first quarter of 2015 (in December rose to US $ 2,290 per tonne), but from May and the following months the pressure would be lower due to the estimated recovery of production for this product Peru.
“Given the projections of production and price estimates increased exports fishmeal nearly 12% to US $ 1,460 million by 2015. While the increase in production is significant, impact on export volumes will be minimized by the negative effect of inventories”Concluded Scotiabank.
SOURCE: Diario El Comercio
