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Salmon fillets for export. (Photo: Marine Harvest)

Salmon exports generated USD 1,613 million

Click on the flag for more information about Chile CHILE
Thursday, July 26, 2012, 03:30 (GMT + 9)

Chile exported salmon and trout for USD 1,613 million in the first six months of 2012, an amount that represents an increase of 12.5 per cent over the same period in 2011, reported the National Customs Service of Chile (Customs).

This increase was boosted by Atlantic salmon sales, which grew by 25 per cent in the first six months of the year: they generated revenues of FOB USD 1,071 million, against USD 857 million in the first half of last year.

In contrast, trout sales fell by 6 per cent: the value of shipments was USD 542 million while in the first half of 2011 they had been sold for USD 577 million.

Some Chilean entrepreneurs attributed this decline to the drop in the value of trout in the Japanese market, where it has reached its lowest level since 2001.

They explain that the increase in Chilean production of Pacific salmon (coho) affected the value of this product and also that of trout.

According to a salmon entrepreneur quoted by the newspaper La Tercera, "both in the case of coho salmon as well as in that of trout there is a common strategy among the producers who try to sell as much as possible outside Japan."

He also added that Russia could be an alternative market despite being considered "a dangerous one."

During the first six months of 2012, Japan accounted for 68 per cent of Chilean trout exports.

Meanwhile, the price of salmon is still experiencing falls, and this affects the profitability of those companies in the sector.

The US market bought 34 per cent of Chilean salmon, and the Japanese one purchased 36 per cent.

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

Photo Courtesy of FIS Member  MOWI Chile S.A. (previamente Marine Harvest Chile)
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