Peru's fishmeal prices have stabilized at levels seen back in January , while producers await for the first 2016 anchovy quota, expected to be known by May.

Fishmeal prices are now at the range of $1,720-1,770 per metric to,n FOB Peru, for super prime, similar to the price seen in January, which was followed by a price drop of up to $1,600/t in February.

Prices have recovered to January levels on the back of expected higher Chinese demand from June -- when shrimp production resumes in the Asian country.