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Peru's Aquaculture Exports Increase in Q1 2014

Lucy Towers
29 May 2014, at 1:00am

PERU - Peruvian aquaculture exports amounted to $ 89.4 million during the first quarter of this year, representing an increase of 62 per cent over the same period in 2013, according to the Association of Exporters (ADEX).

ADEX Capture Industry and Service Management reported that after some recorded fluctuations in recent years as a result of the red tide that caused the death of scallops, aquaculture is "showing clear signs of recovery."

The growth experienced by the industry in the first three months is linked to the better performance of its two main products: shrimp and scallops.

Other important products were tilapia, trout and paiche, in lower volumes.

Humberto Speziani, chairman of ADEX Committee on Fisheries and Aquaculture, considers that aquaculture is in the "legal limb" because it has no legal framework, since the new Aquaculture Promotion and Development Act was not passed in January.

"The thing is that the law has expired and we are not in condition for investment. Today more than ever we need a legal framework that encourages it," Mr Speziani stated.