Algal bloom to drive Chilean insurance costs up
Insurance premiums are expected to rise 50 to 60% after toxic tides from a severe algae bloom devastated fish farms in parts of country
El Nino, algal bloom cause $2.7m Camanchaca Q1 loss
Firm lost almost 2 million young salmon to the algal bloom, while El Nino meant a zero-harvest for its anchovy fishing operation in the north
Cermaq: Norway salmon industry needs Chilean supply for market stability
Norway will benefit from a recovery in Chile’s salmon industry to ensure both countries can sufficiently supply the global market, Cermaq CEO Jon Hindar said
Chilean salmon exports fell 11.5% to $611m in Q1
Chile’s salmon exports fell 11.2% to $611 million in Q1 compared with $688m a year ago, according to export data released by the central bank
Chile salmon farmers foresee profit wave in 2016 after disastrous spell
Chile’s salmon farmers, buffeted by the disastrous outbreak of algal blooms in March and a two-week blockade on exports in May, may be about to enter a profitable phase
Chile fishermen’s protest blog: Protests over as last holdouts agree to deal
A prolonged blockade of highways in southern Chile has cut off the salmon industry from its main markets, adding another Chilean supply disruption to world markets
Marine Harvest cuts 2016 volume guidance due to Chile algal bloom
World’s largest salmon farmer cuts its outlook for the year in Chile by 16,000t, due to the impact of the algal bloom, with Norway down 3,000t
Marine Harvest to take $19m Q2 hit in Chile as South American losses widen
World’s largest salmon farmer reports strong Q1 on high prices, but reveals $19m in one-offs will come in Q2 as part of Chile restructure
Cooke: Chilean protests damaging salmon sector’s reputation
‘Government needs to get it sorted, it’s damaging the reputation of the whole industry,’ says Glenn Cooke, as salmon prices rocket up
Chile salmon prices skyrocket as fishermen’s blockade cuts off industry from US, Brazil
Chilean salmon prices have jumped to their highest levels in almost a decade as a fishermen’s protest has left most of the processing factories cut off from the US