Invermar lone exception as Chile salmon producers rack up losses for 2013

Chile salmon farm pens cages 4

With a gain of $7.2m, Invermar stood out from its peers in 2013 as Australis Seafoods, Multiexport Foods, Aquachile, Blumar Seafoods and Camanchaca all ended the year in the red, albeit showing a big recovery from 2012 (more…)

US scallop quota now expected to be stable

Quota for Atlantic sea scallop 2014 season is likely to be line with last year’s, says council coordinator, dispelling fears that catches could be in for second consecutive cut

Vietnam approves project to grow pangasius exports to $3bn by 2020

Vinh Hoan pangasius

Vietnam’s Ministry of Agriculture and Rural Development has approved a project on improve pangasius production and quality (more…)

Invermar hires Landmark in hopes of merger result

Chilean salmon farmer hires adviser to analyze its position and execute a financial restructuring, which could result in asset sales or mergers

Ecuador shrimp exports almost double in value in early 2014

Shrimp exports totaled $399 million, up 97.2% when compared with the first two months of 2013, on the back of increasing prices, so far at $9,614 per ton (more…)

Chilean coho, trout prices to Japan increase

Chilean Atlantic salmon exported to the US went down to $4.84 per pound, confirming the decreasing price trend, after three consecutive weeks of falls

Rabobank Chile head: Salmon sector home to fewer but better lenders

Rabobank

Head of Dutch bank’s Chile branch believes future of Chilean sector is more promising than it was a few months ago, pointing to rising prices and better sanitary control

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