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Seaweed products. (Photo: Stock File)

Seaweed exports grow

Click on the flag for more information about Chile CHILE
Wednesday, January 04, 2012, 23:00 (GMT + 9)

Between January and October 2011, exports of products made from algae generated a total of USD 165 million, according to the Fisheries Development Institute (IFOP).

According to the Bulletin of Fisheries and Aquaculture Exports prepared by the Economics Section of the Institute, the figure is 8.1% higher than that obtained in the same period last year.

Meanwhile, the contribution of these products to total revenues earned by exports, which the fisheries sector reached in Chile, was 4.4%.

In October alone, total algal products sent abroad reached 6,213 tonnes, for USD 14.2 million. This figure shows a rise of 12.6% over what was sold the same month in 2010.

As detailed in the bulletin of the IFOP, the average FOB price of the total seaweed products exported in the first 10 months of 2011 amounted to USD 2,597 per tonne, indicating a rise of 4.2% over the same period of 2010.

The main products exported based on algae until last October were dry algae (41.2%), carrageenan (26.3%) and agar-agar (21.8%).

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


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