"If the warm water does not arrive, then this year will be better for the fisheries sector," said the president of the SNP, Elena Conterno.
2013 was a difficult year for fisheries, given that ten of the 12 fishmeal companies associated with the SNP recorded financial losses by 242 million, reports Andina.
"We will face the 2014 El Niño, and more than ever we need to work together to have a suitable regulatory framework to enable sustainable use of the species," said Ms Conterno.
The National Oceanic and Atmospheric Administration of the United States (NOAA) has reported an increased likelihood that the El Niño will become stronger.
But the SNP has the expectation that this will not happen.
