Two developments: investigation of the relationship between climate and the size of small Pelagic fishstocks, and the extension of this relationship to include its impact on economic activity indicate the importance of specifying the linkage among changes in the environment, a profitable and stable industry and conservation of the resource base.
Here we examine one case, the catch of Anchovetta by Peru over the 40 year period from 1960 to 1999 where the reported catch (supply) ranges from a high of 12.3 million metric tons to a low of 23 thousand metric tons. At its high points, in physical volume, this is the worlds largest fishery. The output, fish meal, is an important element in the world market for animal feed and therefore it resembles other commodities such as soy beans, etc.
Pontecorvo, G. ENSO and the Peruvian Anchovetta Catch: Some Preliminary Observations. In: Microbehavior and Macroresults: Proceedings of the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA. Compiled by Richard S. Johnston and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.