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Red algae from which carrageenan is extracted. (Photo: Stockfile)

Seaweed export earnings increase by 13 per cent

Click on the flag for more information about Chile CHILE
Thursday, January 03, 2013, 03:10 (GMT + 9)

Between January and October 2012, exports of products made from algae generated a total of USD 187 million, according to the Fisheries Development Institute (IFOP).

According to the Bulletin of Fisheries and Aquaculture Exports prepared by the Institute, the figure is 13.1 per cent higher than that obtained in the same period last year.

The contribution of these products to total revenues earned by Chilean aquaculture-fishing sector exports was 4.9 per cent.

In October alone, the total exported seaweed-derived products reached 5,906 tonnes, worth USD 17.4 million, representing a decrease of 4.9 per cent compared with what was sold the same month last year.

The IFOP also said that the average FOB price of all seaweed product exports from January to October 2012 was USD 2,780 per tonne, 7.1 per cent higher than the same period of 2011.

The main products exported based on algae until last October were dried seaweed (89.5 per cent), carrageenan (6.1 per cent) and agar agar (2.4 per cent).

Income earned in the first 10 months of 2012 "placed exports of dried seaweed in the first place of the ranking, with 43.1 per cent share, followed by carrageenan, with a contribution of 26.5 per cent," IFOP said.

Meanwhile, the agar was third with a share of 19.6 per cent, it added.

The three main companies that exported products made from algae to October 2012 were:

Algamar: USD 30 million;
Gelymar: USD 26.2 million;
Danalg: USD 22.5 million. 

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


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