Wednesday, November 9, 2011
China Fishery’s fishing quota further increase to 6.21% in North Peru and 11.72% in South Peru.
Assets of the two Peruvian fishing companies include two fishing vessels and one fishmeal processing plant.
The key word here is ITQ, Individual Transferable Quotas.
Ownership of the ITQs provide exclusive rights to a portion of the TAC ( Total Allowable Catch) in the respective fishery, every year.
As prices of fish rise each year due to inflation and increasing demand from West Africa and aquaculture needs, the ITQs are expected to rise in value.
For more on ITQs,