Food Industry News

Prices of salmon in Chile rose 50%

Chile salmon prices rose by more than 50% - to $ 5,4 per pound - due to the blooming of poisonous algae, the Financial Times reported.

Flowering, presumably caused by rising sea temperatures, began at the beginning of 2016.

As a result, 25 million fish died.

Also, the record set prices for salmon in Norway - there they rose above $ 7,35 per kilogram. Now prices in Chile and Norway have slightly decreased, but they will remain high, as the demand for salmon remains high.

Chile is the second largest producer of salmon in the world, with Norway ranking first, with about a quarter of the world's salmon.

Analysts expect, reports RNS, that this year the production of salmon in Chile will be reduced by 20 – 25% and will remain at the same level in the 2017 year. At the same time, salmon production in Norway will be reduced due to fish lice that hit the population last year. Overall, global salmon production will decline by 5 – 10% in 2016.

See also ... 11/03/2016 Fish producers in Chile “have warmed up” at $ 800 million01 / 09/2014 Chile is ready to triple the volume of salmon supplies to the RF18 / 03/2016 The Fisheries Union predicts a decrease in salmon consumption 13/08 Kornev: Chile needs to lower salmon prices 2014/14/10 FCS: Norwegian salmon replaced by Chilean 2014/25/11 Salmon prices in Chile increase by 2014% 22/03/2016 Increased demand raises salmon prices 20/21/08 EC proposes to reduce the catch of Baltic salmon 2014/23/08 Faroe Islands will triple the export of salmon to Russia2013 / 09/09 Salmon was given additional free time2014 / 22/05 Kamchatka welcomes the ban on drift fishing 2015/15/06 Law on the prohibition of drift fishing is signed 2015/02/07 Japan and the Russian Federation decided not to change salmon quotas 2015/28/03 Sanctions of Russia brought down shares of salmon exporters

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