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Salmon export value increased almost 64 per cent compared to the first quarter of 2010.(Photo: Multiexports Foods/FIS)

Salmon export records for the first quarter

Click on the flag for more information about Chile CHILE
Friday, May 06, 2011, 03:20 (GMT + 9)

Between January and March 2011 salmon was sent abroad for USD 878,8 million, a figure which shows an increase of 63.8 per cent over the same period of 2010, when earnings totaled USD 536.2 million.

This figure is considered historic and even exceeds the income received before the crisis experienced by the salmon sector in 2007 due to the spread of salmon infectious anemia (ISA).

That year, salmon exports were worth USD 713 million, reported Estrategia based on the data provided by the consultant Infotrade.

According to the report authors, the increase in the first quarter of this year was achieved thanks to the high prices the salmon recorded in the different market destinations, such as Japan and the United States.

The data indicates that between January and March 2011, the average price was USD 7.12, that is to say, 19 per cent higher than the same quarter of 2010 (USD 5.98).

Mainstream led salmon shipments abroad in the first three months of this year, with sales of USD 100.2 million, that is to say, 109.1 per cent higher than in the same period of 2010 (USD 47.9 million).

The company that followed was AquaChile, which reported earnings of USD 98.3 million in the first quarter of 2011, 35 per cent increase between January and March last year, when USD 72.8 million was obtained.

In the third place was Multiexport Foods, with earnings of USD 68.6 million, 125.3 per cent increase in the first quarter of 2010 (USD 30.4 million).

In the fourth and fifth places were the companies Los Fiordos, with earnings of USD 67.6 million, and Australis Mar, with USD 43.1 million.

Meanwhile, several companies are getting ready to operate on the Santiago Stock Exchange while Invertec Pesquera Mar de Chiloé (Invermar) and Multiexport Foods have already done so.

These companies are AquaChile (this month with 30 per cent of its property ), Australis Seafoods (15 per cent) and Cultivos Yadrán.

The Undersecretariat of Fisheries (Subpesca) indicated in the latest Report of the Fishery and Aquaculture Sector in the first two months of 2011, 74,108 tonnes of salmon were harvested, that is to say, 49 per cent more than in the same period of 2010 (49,708 tonnes).
 

Related articles:

AquaChile open 30 percent its shares to the stock exchange
Australis Seafoods to sell 15 pc of its shares in stock market

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

 

Photo Courtesy of FIS Member  Multiexport Foods S.A.
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