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Peru fishmeal exports seen growing 10 percent in 2007

21 March 2007

LIMA - Peru, the world's No. 1 fishmeal producer, could boost its exports of the product by 10 percent in dollar terms this year, the general manager of a major Peruvian fishmeal producer said on Tuesday.

Speaking at the Reuters Latin American Investment Summit, Samuel Dyer Coriat, general manager of Corporacin Pesquera Inca (Copeinca) (COP.OL: Quote, Profile, Research) , gave no projected export dollar sales figures for Peru as a whole or his company in particular, but added he expected prices to be strong.

Last year, Peru's fishmeal exports totaled $1.335 billion, 1 percent less than in 2005, Foreign Trade Minister Mercedes Araoz said earlier this year.

"The price for fishmeal is going to be strong and will be maintained," Dyer said. "There is no reason why it (the price) should go down; world consumption is growing."

He cited aquaculture (fishing farms) as an important market, saying its demand for fishmeal was growing by 8 percent to 10 percent a year.

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Source: Reuters

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