Peru’s Ministry of Production (PRODUCE) has approved the start of the first 2026 anchovy fishing season in the North-Central region with a total allowable catch (TAC) of 1.91 million tonnes, marking a 36.2% reduction compared to the 3 million tonnes authorised for the same season in 2025.
The decision, enacted on 1 April, follows recommendations from the Peruvian Marine Research Institute (IMARPE) to ensure stock sustainability. The season, targeting anchovy (Engraulis ringens) and white anchovy (Anchoa nasus), signals a more restrictive start to the year in the world’s key source of fishmeal and fish oil.
This quota cut introduces a significant variable into the global marine ingredients balance, at a time when supply is already constrained and demand – particularly from the aquaculture in Asia – remains firm.
According to PRODUCE, the season is expected to generate an added value of 769 million soles (approximately €187.3 million), equivalent to 19.5% of the fisheries sector’s GDP and around 0.13% of Peru’s national economy in 2026. The campaign is also projected to support more than 47,000 direct and indirect jobs across the value chain.
In terms of exports, the fishery could generate around $855 million in foreign exchange, representing 18.3% of the country’s total fisheries exports. The season will involve approximately 670 fishing vessels.
Beyond its domestic economic impact, the reduced Peruvian quota reinforces uncertainty in international markets, where anchovy supply remains the primary balancing factor. In a context of growing aquaculture demand and limited substitution options, tighter supply conditions could translate into renewed market tensions in the months ahead.
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