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Chilean salmon set to recover

This article was originally published in Foodnews

The Chilean salmon industry has been in sharp decline, with canned exports to August down to 671 tonnes from 3 226 for the same period in 2009. However, the industry is showing some signs of recovery. Chile exported 99 tonnes of canned salmon in July, a year-on-year increase of 3.46%, after producing significantly less per month than in 2010 until that point. There have been particularly good hauls in Puerto Montt and Chiloé, according to the Financial Times. Significantly, Chile produced 18.8% more frozen salmon year-on-year to August, second only to Norway. With the value of frozen salmon up considerably in many countries for the year to July, there are speculations that this could lead to a drop in the price of its canned counterpart.

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