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The industry must maintain the good results obtained until its sustainability is assured, said Jose Ramon Gutierrez. (Photo: Multiexport Foods/ FIS)

Multiexport: '2010 is a year for recovering trust'

Click on the flag for more information about Chile CHILE
Wednesday, April 21, 2010, 01:20 (GMT + 9)

The Chilean salmon farming industry will initiate a stage of productive and financial recovery this year, following the crisis sparked by infectious salmon anaemia virus (ISA) outbreaks in 2007 and the enactment of the new General Fisheries and Aquaculture Law (LGPA) last March.

"2010 will be for recovering trust,” Jose Ramon Gutierrez, president of the company Salmones Multiexport, subsidiary of Multiexport Foods SA told Diario Financiero.

The new norm “gives the framework and the force” to the programme of sanitary improvements carried out by the Government and salmon farming, through the Salmon Industry Association of Chile AG (SalmonChile).

The companies grouped in the union are implementing a programme of 54 sanitary measures, among which are the obligatory vaccination of salmon and the quarantine of the totality of imported roe.

These actions are intended to prevent the entry and spread of new diseases in domestic farming centres.

Although a reduction in domestic salmon mortality has been observed, the industry must maintain the good results obtained until its sustainability is assured, Gutierrez emphasised.

"We have to be calm, very cautious, and our main focus should be, not that we are letting this go to our head again, but rather the main focus must be that this model be implemented with the greatest speed possible and with the greatest seriousness possible," the president of Salmones Multiexport maintained.

It is estimated that Chile's salmon industry will need an investment of around USD 1 billion to reclaim the levels of production prior to the appearance of ISA.

For Gutierrez, the banks are managing themselves with caution with respect to access to financing and new working capital for salmon farms because they are trying to see how the sector is developing and if the new sanitary measures are implanted successfully.

"The bank is still watching the development of these events with caution. Of course the law offers a level of tranquillity, but it’s still lacking. 2010 is a year for recovering trust and [one] in which great changes are going to begin to happen that take the industry to the level it has always had," he continued saying.

"It is a new stage that is beginning to be lived, and we hope that it is very positive for the industry," he concluded.

Related articles:

- Multiexport Foods financial results improve
-
Another two companies restructure debt

By Analia Murias
[email protected]
www.fis.com

 

 


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