Aquaculture for all

Five Years For Salmon Industry To Recover

Salmonids Economics +2 more

CHILE - It could take the Chilean salmon industry close to five years to recover from the current sanitary crisis, so long as companies respect and comply with the modifications that the new regulation will put in force.

Jorge Claro, was hired by the Chilean Association of Banks and Financial Institutions (ABIF) to analyse the productive and financial situation of the Chilean salmon industry.

According to FishFarmingExpert, Mr Claro said that as soon as the market realises that companies are respecting the sanitary regulation and that within the sector there is a solid business, the industry will move forward.

Jorge Claro explained that the sanitary crisis that affected this industry was due to the fact that companies acted as if they were in the “wild west”, owing to lack of regulation and sanitary measures. On that basis, he underlined that regaining the market trust on the sustainability of this sector depends on the companies, beginning with the sanitary improvements that they apply. “Good intentions are worth nothing, they have to be fulfilled and that job is not easy to accomplish”, he emphasised.

Finally, he stated that the quick enactment of the new regulation is fundamental, mainly so that the companies could be inspected by the National Fisheries Service (Sernapesca).

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