Once the ban is announced, the price of Peruvian fish meal will continue to rise

Introduction: according to the speech of the Minister of Fisheries of Peru last week (see the article "Peru will ban anchovy catching" in Gaolong online on April 15 and the sample report on trial catching in Peru's ports on April 9 issued by the Institute of Oceanography of Peru (imarpe)), we try to interpret it as follows: 1 The proportion of juveniles in the Peruvian sea area, whether offshore or 20 nautical miles away from the sea, is far more than that stipulated by the Ministry of fisheries that juveniles should not exceed 10% (up to 65%) According to the sampling on April 9, the largest fishing volume is Chancay (9210 tons), Chicama (7324 tons), Pisco (6452 tons) and chimote (5909) tons, and the proportion of juveniles is 79%, 52%, 71% and 88%, respectively % This situation can not be fundamentally changed in a week or two 2 The Minister of Fisheries made it clear that at the end of the second trial fishing, if the proportion of young fish still accounts for a large proportion, it will immediately announce a ban on fishing According to the sampling report of fishing published by imarpe, the proportion of juveniles is still over 65% even 20 nautical miles away, which provides a basis for banning fishing 3 After the end of the second trial (April 22nd), Peru will implement a comprehensive arrest ban 4 Once the ban is announced, the price of Peruvian fish meal will continue to rise 5 The rising market price of Peru's fish meal will give strong support to China's current high price of fish meal.