September 1966 



COMMERCIAL FISHERIES REVIEW 



69 



Peru (Contd): 



ton at the same tim.e a year ago. However, in 

 spite of a lower price at this particular time 

 of year, the average annual price is expected 

 to bring Peru a somewhat larger return from 

 fish meal sales than the preceding season did. 



For 1964, it is roughly estimated that 1.5 

 million tons of fish meal sold at an average 

 price of about $115 a ton. In 1965, 1.3 million 

 tons of fish meal sold at about an average of 

 $140 a ton. An estimate for 1966 is 1.4 mil- 

 lion tons at an average of about $150 a ton. 

 If this becomes a fact, Peru stands to re- 

 ceive the highest return for its fish meal in 

 the short history of this industry. (U. S. Em- 

 bassy, Lima, July 17, 1966.) 



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TAXES ON FISH MEAL 

 AND OIL EXPORTS: 



Peruvian taxes on fish meal exports cur- 

 rently amount to 7 percent of the f.o.b Peru- 

 vian port price. (This includes a 1 -percent 

 ad valorem tax, a 5 -percent sales tax, and a 

 1 percent unemployment tax.) Other taxes on 

 Peruvian fish meal exports have been tem- 

 porarily suspended since July 8, 1964, and 

 this reduction of taxes to the 7-percejit level 

 has stimulated production and exports. 



Peruvian marine oil exports are subject 

 to the same 7 percent tax package described 

 above, plus a special tax which amounts to 

 about US$7.46 a metric ton for crude fish and 

 whale oil and $5.59 for semirefined fish and 

 whale oil. (U. S. Embassy, Lima, July 14, 

 1966.) 



South Africa 



SHOAL FISH CATCH DOWN 

 DURING JAN. -MARCH 1966: 



South Africa's Cape west coast shoal fish 

 catch for the first three months of the 1966 

 season was 63,714 short tons pilchards, 8,410 

 tons maasbanker, 24,817 tons mackerel, 14,046 

 tons anchovy, and 3,909 tons red-eye. The 

 total catch was 114,896 tons. Inthe same peri- 

 od of 1965 the total catch was 207,324 tons, 

 made up of 146,646 tons pilchards, 19,874 

 tons maasbanker, 25,287 tons mackerel, and 

 15,517 tons anchovy. The first quarter's 

 catch in 1964 was 205,247 tons, made up of 



168,060 tons pilchards, 9,433 tons maasbank- 

 er, and 27,744 tons mackerel. 



According to figures released by the Divi- 

 sion of Sea Fisheries, the March catch for 

 1966 was 42,942 tons pilchards, 162 tons 

 maasbanker, 15,417 tons mackerel, and 1,059 

 tons anchovy. The total catch was 59,968 

 tons. This compares with 95,044 tons pil- 

 chards, 1,809 tons maasbanker, 13,012 tons 

 mackerel, and 14 tons anchovy in March last 

 year; and with 56,850 tons pilchards, 6 tons 

 maasbanker, and 17,751 tons mackerel in 

 March 1964. 



The March catch this year yielded 14,256 

 short tons fish meal, 715,336 imperial gal- 

 lons fish body oil, 706,824 pounds canned pil- 

 chards, 144 pounds canned maasbanker, and 

 2,801,676 pounds canned mackerel. 



In Walvis Bay, South-West Africa, by the 

 end of March the total fish catch had reached 

 136,112 short tons. The total March catch 

 was 92,000 tons pilchards and 605 tons an- 

 chovy, yielding 21,660 short tons of fish meal 

 and 3,222 long tons of fish body oil. ( South 

 African Shipping News and Fishing Industry 

 Review , May 19667) 



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FISHERY TRENDS, APRIL 1966: 



Fish Meal and Fish Oil : South African 

 catches during April reflected a slight im- 

 provement over those for the previous month. 

 At Walvis Bay most of the factories operated 

 on a larger scale than originally intended in 

 order to assist in meeting the industry's com- 

 mitments for fish meal and fish oil. As a re- 

 sult, the supply position was considerably 

 improved. The declining tendency in inter- 

 national fish meal prices continued, owing 

 largely to the Peruvian industry maintaining 

 production at a record level; this trend, how- 

 ever, was not discernible for fish oil, as 

 prices remained firm at the high levels pre- 

 viously attained. 



The industry was fully committed for its 

 entire fish oil production for the current year. 

 Fish meal selling also ceased, pending a re- 

 view later in the year when the actual results 

 for the season become known. 



Spiny Lobster: The market for spiny lob- 

 ster tails was maintained during April but 

 without the buoyancy experienced during the 

 latter months of 1965. Further shipments 



