Fishmeal, "gold" powder

The shortage of Anchovies in Peru due to El Niño has triggered the price of fishmeal, which closed 2014 at historic highs.

In the times that oil and other commodities like copper trading lower, there is a product that has done the opposite way.

Behind the upward climb in the price of flour and fish oils there is one key factor: Anchovy of Peru.

The Andean country, producer -suministra about 50% of mundial- volume remained without fee that pelagic.

Campaign suspended

When Peruvian scientists Imarpe made their evaluation to determine the fee for the fall campaign, they met with little adult Anchovies and a large number of youth, so they decided not to fix any fee and suspend therefore fishing Anchovies .

If until August this crisis had hardly been reflected in demand and the prices-more than anything because China, the biggest consumer of this product in their confines alijado had one stock 253,000 tonnes, following the announcement that there would be new campaign came the anxiety to markets. A situation then compounded by the collapse of Chinese stocks. The reaction was felt in October, reaching record highs prices have been maintained over the months and until year end. And it looks like it will continue for at least another six months in those clouds which now move.

Without Peru producing that gold dustThe remaining manufacturers such as Denmark, Iceland, Norway and Chile, will not be able to meet demand, hence the high prices are guaranteed.

And in that troubled waters, all attempting to throw the rod to the appetizing China, which in December had only 30,000 of those 253,000 who had alijadas. The Asian giant is looking product in Morocco and Panama, while Norway and Iceland seek the blessing of the Chinese government to obtain the status of suppliers.

 

SOURCE: Voice Galicia.es