PERU fishing with guts to report…
The production of fishmeal from Peru would fall to 40% this year (700,000 tons) produced a late start of the fishing season and given reduced in the latter part of the year quota.
So warned a report from Oil World Research Center, based in Germany, and collected by Bloomberg, which states that the production of fish meal can fall below 150,000 tons in November and December.
"The environmental conditions along the Peruvian coast conditions pushed the fish closer to the ground and out of traditional fishing areas, which may explain, in part, the conclusions low Imarpe", refirió Oil World.
Explosives Prices
Under this scenario, the report also warns that an "explosion" in the prices of fishmeal occur because that Peru is the main producer of this commodity globally.
"The outlook for exports in October 2014-March 2015 are potentially creating a situation of explosive prices. Many buyers can not be covered adequately, mainly from January to March "He noted.
SOURCE: Gestión.pe
