A difficult situation that anticipates a positive future scenario: that is the context that is experiencing at the moment the Chilean salmon farming industry, then that disclosure of the financial results of major salmon-producing companies operating in the country.

According to official information from their financial reports, firms that have been most affected by the worsening health of the local context are the operations of businesses in Chile of Norwegian origin operating in the country.

In the case of Marine Harvest, Chile in their profits before interest and tax (EBIT), which is equivalent to the operational result of the company, recorded losses of U.S. $ 50.2 million during the first half of 2008.

A similar situation is experienced in Mainstream Chile, which decreased its operational results for the country, with losses of U.S. $ 28.7 million, according to sample results of his report.

Such figures, coupled with the situation in the salmon farming industry in Norway, given the strong impact that the virus has caused disease and pancreatic ISA salmon, which explains the sharp stock market drop that have registered papers major salmon-producing firms in this country and that also has occurred in domestic firms

Regarding business performance of Chilean origin, the impact has also been negative, although in other magnitudes. AquaChile recorded U.S. $ 6.4 million loss in its EBIT, while Multiexport Foods lost $ 5.6 million; Yadrán U.S. $ 5.4 million and Invermar U.S. $ 2.7 million.

Positive future scenario

While the current scenario presents difficulties, future anticipates a positive trend. The health consequences of context in Chile, coupled with the reappearance of the ISA and increased disease pancreatic salmon in Norway, have affected production volumes which is delivering the salmon industry worldwide. Between January and June this year saw an increase of 17% in export volumes over the first half of 2007. This was harvested early that has been done and that will produce a supply reduction during the second half of this year.

As for catching salmon craft, whose main focus is Alaska, reducing the volumes has also been the keynote. After an exceptional year 2007, which registered record catches that led to a fall in international prices, now is the fluctuation in the opposite direction, with volumes that have fallen to around 38%.

That context is that which allows anticipate a scenario of international prices for salmon in growing hike, which should deepen especially during 2009. This positive trend for the domestic industry has already begun to register.

Chile and Russia decided to create bonds of cooperation in health fishing through an agreement signed by the national director of the National Fisheries Service, Felix Inostroza, and the head of the Department of Inspections of the Federal Veterinary and Phytosanitary Control of the Russian Federation , Igor Chernyshenko.
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According to the informed by the Commercial Office of ProChile in Washington, to position products such as salmon, which are widely disseminated and whose image has suffered in recent times, not enough to rely on its quality. It is necessary to launch an advertising campaign strong across restaurants and chefs, because as leaders and opinion trend is they who influence what products can succeed or fail in the marketplace.
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The industry associations of salmon from Chile AG (SalmonChile) expressed through its Economic Report of 2007-by-Quiroz and Associates that the price of key inputs for the production of salmonids affected the competitiveness of this industry, highlighting the food, manpower, fuel and freight.

Feed

According to the report, the major inputs for the production of food reached historically high prices during the year 2007. Among them was stressed wheat, which registered a … Read the rest of this entry »

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