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Peru’s fishing sector grows despite coastal El Niño
Posted by Erin Anderson on May 8, 2017 Leave a comment

Peru’s fishing sector grows despite coastal El Niño

Mass flooding caused by a coastal El Niño is unlikely to impact Peru’s fishing industry in 2017. The fishing sector reported 37% growth in March compared to last year in spite  Full Article »

Oil troubles drag Peru’s economic growth below expectations
Posted by Colin Post on Aug 16, 2016 1 comment

Oil troubles drag Peru’s economic growth below expectations

Peru’s economic growth in 2016 is developing slightly lower than economists’ expectations due to a collapse in oil production and fishing. Peru’s statistical agency, INEI, released data showing the economy  Full Article »

Peru economy surges to finish 2015 with 3.3% GDP growth
Posted by Colin Post on Feb 15, 2016 1 comment

Peru economy surges to finish 2015 with 3.3% GDP growth

Increased copper and anchovy production drove Peru’s GDP growth in December to 6.39%, boosting annual growth to a higher-than-expected 3.26% to finish 2015. December’s GDP figure marked 77 months of  Full Article »

Distressed Chinese firm to sell Peru’s largest fishery
Posted by Colin Post on Jan 7, 2016 Leave a comment

Distressed Chinese firm to sell Peru’s largest fishery

Financial problems have forced Pacific Andes International Holdings (PAIH) to sell its Peruvian subsidiary, China Fishery Group. After revenue dropped 12% last June, problems at China Fishery Group became apparent  Full Article »

Peru allows second anchovy season in 2015
Posted by Colin Post on Nov 4, 2015 Leave a comment

Peru allows second anchovy season in 2015

Peru’s government announced today that it will authorize as second anchovy fishing season in 2015. Peru’s production ministry has authorized a catch of 1.1 million tons beginning on Nov. 17  Full Article »

Peru allocates $79 million to weather El Niño
Posted by Colin Post on Jul 6, 2015 Leave a comment

Peru allocates $79 million to weather El Niño

Peru has declared a state of emergency in districts spanning 14 states and earmarked $78.7 million for preventive measures against torrential rains, flooding and landslides. Before what experts predict to be  Full Article »