Peru’s anchovy fishery is the largest fishery by volume in the world, with its landings significantly determining supply and pricing for the global fishmeal and fish oil sectors.
Peru’s successful 2024 anchovy catch of more than 4.8 million metric tons (MT) was made possible thanks to favorable oceanographic conditions, coupled with timely regulatory decisions made at the opening of both seasons, according to the Peruvian National Fisheries Society (SNP).
It was a stark contrast to the fishery’s dismal 2023, which the SNP called “the worst in the last 25 years for anchovy fishing,” with El Niño weather patterns and fishery closures dealing the sector a hard blow.
Expectations are high for another strong year of output in 2025, but four issues could get in the way of a positive year for the fishery.
1. Black market anchovy supply …
