A native of San Francisco, Christian Molinari has lived and worked in Chile for over 20 years, after having arrived in Santiago as a volunteer and falling in love with the culture and its people. He covered business news in Latin America for over a decade, worked in communications at IBM Chile, and currently freelances in strategic communications and reporting.
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Chinese foodservice giant Joyvio plans to file a USD 1.22 billion (EUR 1.13 billion) suit against the former owner of Puerto Varas, Chile-based Australis Seafoods, which it purchased in 2018 for USD 921 million (EUR 850 million).
Joyvio, a subsidiary of Legend Holdings which also owns the computer giant Lenovo, has accused businessman Isidoro Quiroga of allegedly withholding information regarding overproduction at the company’s farming
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Puerto Montt, Chile-based Ventisqueros was recently reported to be for sale, with several parties expressing interest in buying the company.
Ventisqueros has its own Atlantic and coho salmon operations in Southern Chile, employs approximately 1,400 people, and has annual salmonproduction of roughly 45,000 metric tons (MT). As reported by La Tercera, Dutch bank Rabobank led first-round talks with interested bidders that included an unnamed
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José Antonio Camposano, executive president of Ecuador’s National Chamber of Aquaculture (CNA), recently said the country’s shrimp farmers had a challenging year, despite record numbers in shrimp production and exports.
Rabobank’s latest aquaculture report, “What to Expect in the Aquaculture Industry in 2023,” predicted the global shrimp supply will continue on its positive trajectory. The report
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Ecuador’s shrimp industry is a rising economic star both in the country and globally. The sector now produces more than USD 5 billion (EUR 4.6 billion) in annual exports and has solidified its position as the country’s second-largest industry after oil, building upon five decades of investments in infrastructure, genetics, and biosecurity.
On the surface, it would seem that in 2022, Ecuador’s shrimp sector continued along that
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The South American country of Peru boasts the largest fishery by volume in the world, catching several million metric tons (MT) of Peruvian anchoveta (Engraulis ringens) each year, according to the UN’s Food and Agriculture Organization (FAO).
Nearly all of Peru’s capture and production of anchovy is used for the production of fishmeal – a prime ingredient for animal feed, particularly for farmed fish, poultry, pork and pets.
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The Chilean branch of Cooke Aquaculture is claiming it is being discriminated against by Chile’s Superintendency of the Environment (SMA), which the company says is affecting its operations in the country and for which it may seek international arbitration.
The impasse could potentially throw a wrench into the works for Chile’s USD 6 billion (EUR 5.5 billion) salmon-farming industry and harm the country’s reputation for having
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Chile’s salmon farms shipped a total of USD 6.6 billion (EUR 6.1 billion) in salmon and trout abroad in 2022, up 27.3 percent from the year before, the Chilean Salmon Council reported.
Salmon has traditionally been Chile’s second most-important export after copper (exports of USD 43.9 billion, EUR 40.3 billion in 2022), but in 2022, it was relegated to third place as demand rocketed up for lithium by an astounding 777 percent, with
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Ecuador’s government putting an end to diesel subsidies for large shrimp farms is unfair, comes at a very inopportune moment, and seriously affects sector competitiveness, according to the executive president of the country’s National Chamber of Aquaculture (CNA), José Antonio Camposano.
The move will increase production costs by USD 0.16 (EUR 0.15) per pound of shrimp, affecting 82 percent of the country’s shrimp
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Chile’s government is considering specific laws to combat the robbery of particular goods, including farmed salmon, cattle, and copper cables.
The proposal – introduced by Chile Minister of the Interior and Public Safety Carolina Tohá – aims to fill a regulatory void. It follows the passage of a similar law enacted in 2022 that was successful in reducing lumber theft.
Thefts of truckloads of farmed salmon being
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A Chilean court has ordered a halt on Punta Arenas, Chile-based salmon farmer Nova Austral’s plan to transfer some of its farming sites.
Chile’s Third Environmental Court in Valdivia ordered Nova Austral to put its plan to transfer some of its farming sites from the Alberto de Agostini National Park to part of the Kawésqar National Reserve – both of which are located in the southernmost region of Magallanes – on
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