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Chile Aim To Recapture US Market

Salmonids Economics +2 more

CHILE - Although Norweigan salmon exports tripled last year, SalmonChile President Cesar Barros said that Chile will compete and will assert its position as the second largest producer of salmon worldwide - despite the continuing ISA crisis.

In an interview with Estrategia , Mr Barros said that Chile are prepared to fight Norway for the US market, the most important market for Atlantic salmon.

He said that the delay in the Law on Fisheries and Aquaculture would result in a lot of investment and credit outstanding. Companies will limit investment and capital expenditure until there is a legal system in place which gives them security.

Speaking on the current high prices, Mr Barros warns producers that prices may not always stay this high, as the current price reflects the low production in Chile.

Statistics have reported an increase in plantings, however Mr Barros says, "one swallow does not make a summer, fish diseases are complicated, it will be a while before anyone knows what will really happen".

In 2010 Mr Barros predicts that production will fall due to less plantings last year. He hopes to see growth in the second half of the year and strong production in 2011. However, he says he does not expect these levels of production to reach normal 2007 levels.

"For the industry to fully recover will take much more time. We have adopted new rules and reduced yields. How long it will take will depend upon the results of the actions been taken, the Law on Fisheries and Aquaculture, the financial system and how fast all health standards are put into practice," Mr Barros concluded.