China Fish / Pacific Andes: Peru, the world’s largest fishmeal producer, may double anchovy catches next year, according to the Production Minister Jorge Villasante. Trawlers in 2011 may catch as much as 6m tons of anchovy, used for fishmeal, a livestock feed. Catches fell 40% this year to 3m tons due to the El Nino effect…
China Fish is among the top 5 largest fishmeal producers in Peru, with 41 fishing vessels and 9 processing plants there. Peru accounted for ~24% of China Fish’s sales in FY09.
Pacific Andes owns 56% stake in China Fish.
China Fish +5.5%, Pac Andes +7.4% since last wk, after the former announced plans for HK dual listing.
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