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Fishmeal bags. (Photo: Junsa)

Low fishmeal price jeopardizes local industry and opens questions

Click on the flag for more information about Ecuador ECUADOR
Sunday, September 10, 2017, 07:30 (GMT + 9)

The Ecuadorian fishing sector has been adversely affected by the presence of Chinese fishing vessels, one of which has been seized in the Marine Reserve taking species under protection, by a possible quota of 2.8 million tonnes of anchovy in Peru, prices of its fishmeal and fish oil continue to fall sharply.

As recalled, after being "attacked" with hard questions and requests from the Peruvian fishermen's trade union bases for him to resign after accepting that Peru must sign the CONVEMAR, the Vice-Minister of Fisheries and Aquaculture, Hector Soldi Soldi applied for leave for a few days without salary; however, before leaving, he left the message that in the second anchovy fishing season in the northern-central zone, again the great industry producing fishmeal and oil, could obtain the anchovy quota of 2.8 million tonnes.

As it is sensible, to fishmeal and fish oil brokers and dealers in China, Norway and the world, this news fit perfectly because for the second time they could have the best feed, with high protein values, but with prices that are 50 per cent less compared to 2016 (USD 2,200), that is to say scarcely USD 1,100 the metric tonne.

Although Ecuador is not 100 per cent fishmeal producer as Peru, the main feed supplier in the world; however, Ecuadorian fisheries policies implemented have opened a range of possibilities in fishmeal producers, of course it is using it as raw material; mackerel, shrimp heads, eye and others; however, low prices per ton have become its worst nightmare.

Thus, the ton of fishmeal from Ecuador ranges between 1,000, 1,040 and 1,050, reason why specialists of that country recommend that in order not to destabilize the world market, the fish quotas for feed processing should be measured, being understood that the lower the quota, the higher the price.

In Peru, the decline in prices not only generated economic imbalance in small and medium-sized Peruvian fishing companies, but also lower per capita income for the national treasury, and what is more serious that the higher anchovy quota leads to risks, threatening the sustainability of a resource such as anchovy, this taking into account that in the first season 2.3 million tonnes were caught, accompanied by thousands of tonnes of juveniles.

Then, why and for what reason should we grant a quota of 2.8 million tonnes of anchovy? If Peru does not receive higher income; on the contrary it is exposing the recourse to the collapse announced and worse still new fishmeal producers run the risk of bankruptcy.

Source: perupesquero.org

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