Anchovy catches are likely to increase around 70% in 2017, a report issued by Scotiabank estimated.
Thus,
anchovy fishing growth would experience the highest expansion in the recent four years.
This
favorable outcome will be driven by neutral oceanographic conditions projected for 2017, following two consecutive years of negative results due to climate phenomena.
Positive projections will be also supported by greater availability of anchovy, said Erika Manchego, Senior Analyst at Scotiabank's Economic Research Department.
In this context, 4.7 million MT of anchovy will be caught this year.
Said projection includes the fishing quota (2.8 million MT) for the first season in the northern-central region.
Likewise, the analyst estimated a quota of 2 million MT for the second season.
Lastly, Manchego affirmed greater anchovy catches will boost the fish meal production.
(END) JHM/MVB