Peru's vanishing fish stocks 'devastated' by corruption and growing fishmeal demand

Soaring global demand for fishmeal primarily for animal feed or fish farms, including salmon, is wrecking havoc on the once abundant fish stocks of the southern Pacific

The fish stocks of the southern Pacific and in particular Peru are being plundered by widespread cheating and overfishing, according to a new investigation.

Peru is the world’s second largest fishing nation after China, with the majority of its catch converted into fishmeal, a feed for farmed fish and pigs. More than a million tons a year exported mostly to Asia, in a trade worth $1.6 billion.

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