The improvement of sea conditions after the impact of the El Nino phenomenon, and the changes in fishing regulations introduced by the Peruvian government, allow managers of a major fishmeal company to be optimistic this year.

Manuel Salazar, general manager of Pesquera Diamante, expects that his company\'s sales and turnover will improve this year, from production of about 77,000 tonnes of fishmeal to about 150,000 tonnes in 2017. Production foreseen for this year is similar to levels reached before the El Nino phenomenon.

\"For this year we should return to the almost USD 300 million in billing,\" the executive predicted.

The El Nino phenomenon had a strong negative impact on the Peruvian fishing industry, due to the fact that it caused anchovy to be diverted from the Peruvian coast. This situation forced Pesquera Diamante to temporarily close three of its eight processing plants. Now, the company plans to make a strong investment in machinery this year, in order to improve its productive capacity.

In order to increase sales, it will strengthen its main fishmeal and fish oil unit and put more emphasis on the direct human consumption unit, which represents up to 25 per cent of the business sales.

Source: FIS // Original Article