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PERU - Second anchovy season to generate USD 900 million in exports, SNP forecasts

The National Fisheries Society (SNP) predicts that the second anchovy fishing season in the north-central region of Peru will generate about USD 900 million in fishery exports. \"In November 430,000 tonnes of Pacific anchovy were caught and an estimated 800,000 will be caught in December; compared to 301,000 tonnes in November 2015 and 514,000 tonnes in December 2015, which means that the fishing and national GDP will have an increase due to the realization of landings this season.\"

December 22, 2016

The National Fisheries Society (SNP) predicts that the second anchovy fishing season in the north-central region of Peru will generate about USD 900 million in fishery exports.

SNP president, Elena Conterno, said that this industry has a value-added multiplier of 1.3 in the economy, so it is expected to generate an additional USD 1 billion in production through chaining, consumption and investment.

Regarding the effect on the Gross Domestic Product (GDP), she pointed out that there is a close relationship with the evolution of Pacific anchovy catches.

\"In November 430,000 tonnes of Pacific anchovy were caught and an estimated 800,000 will be caught in December; compared to 301,000 tonnes in November 2015 and 514,000 tonnes in December 2015, which means that the fishing and national GDP will have an increase due to the realization of landings this season,\" Conterno said.

Source: FIS // Original Article