Salmon Supply Squeeze to Persist

The Fish Site
by The Fish Site
24 August 2009, at 1:00am

CHILE - Marine Harvest ASA, the worlds largest salmon farmer, expects supply to fall short of demand as Chiles output will take as many as six years to return to levels seen before a virus ravaged its fish farms.

“It will take long for Chile to come back to volumes they used to have,” Chief Executive Officer Aase Aulie Michelet, 56, said in an interview with Meera Bhatia of Bloomberg at the company’s headquarters in Oslo. “We will be undersupplied for a while.”

Salmon export prices from Norway, the biggest supplier ahead of Chile and the U.K., climbed 13 percent this year on a growing world shortage.

According to the Bloomberg news item, global supply is estimated to slump 10.3 percent to 1.3 million metric tons this year after an outbreak of the Infectious Salmon Anemia virus at Chilean farms, according to industry consultant Kontali Analyse AS.