According to the resolution signed by Minister Raul Perez Reyes, the quota will be 400,000 tons. The Peruvian Ministerial Resolution explained in fact that the 400,000 metric-tons is a temporary quota to be landed within 10 days in the area from the northern Peruvian border and the area of Huarmey  (16°00’LS).  .

 

The second season on will begin at 00:00 hours on Thursday, December 15 and will end when the entire quota is captured or when recommended by the Insitute of the Sea of Peru (IMARPE) due to environmental or biological circumstances.

 

China - 

Chinese fishmeal RMB cash market is quiet after above announcement.  Super prime is sold at RMB 11,300-11,600/mt level while inventory at main ports are increasing up to over 180,000mt 2nd week of Nov 2018 due to weak demand.