Blumar’s Q2 2023 net profits fell over 25 percent, as its fishing operations performed solidly but not enough to make up for the company’s lackluster performance in its salmon-farming segment.
The Santiago, Chile-based seafood firm’s revenues increased 10.5 percent year over year to USD 206.8 million (EUR 193.1 million) in Q2 2023, compared to the USD 187 million (EUR 175 million) the firm brought in during Q2 2022. Its… Read More
Punta Arenas, Chile-based salmon farmer Nova Austral – amid continuous sanctions from Chile’s environmental regulator and attempts to stave off bankruptcy – has submitted another reorganization proposal after the company’s first attempt at restructuring failed.
The company, which is the main employer in Chile’s Tierra del Fuego province within the southern Magallanes region, responsible for about 3,000 jobs, is… Read More
Chile’s more than 6,000 kilometers of coastline provides an environment ideal for highly productive fishing and aquaculture activities that directly contribute to national and global food security.
The two activities, however, vary radically in their operational needs and have different regulations, leading the Chilean government to plan an update to its existing national fisheries law that currently lumps the two sectors together. The… Read More
The U.S. Food and Drug Administration (FDA) has signed a regulatory partnership arrangement (RPA) with the Ecuador Vice Ministry of Aquaculture and Fisheries in an attempt to enhance the food safety of shrimp destined for the U.S. market.
The move results from a 2021 U.S. congressional mandate focused on improving shrimp-related food safety. It ordered the FDA to consider and develop new options for improving the regulation of imported farmed… Read More
Chilean farmed salmon and trout exports increased – though just slightly – during the first half of 2023 when compared to the same period in 2022, the Chilean Salmon Council reported in its latest “Quarterly Salmon Export Report.”
Chile’s exports of salmon and trout reached 373,734 metric tons (MT) in H1 2023, a 2 percent increase when compared to the same period in 2022. The value of those exports totaled USD 3.31… Read More
Salmones Camanchaca closed the second quarter of 2023 with net losses as the company took action to reduce environmental risks in its grow-out centers while temporarily halting operations at its main processing plant.
The vertically integrated salmon-farming firm, based in Santiago, Chile, reported its Q2 revenues fell to USD 63.4 million (EUR 58.3 million), 34.9 percent lower than Q2 2022, which the company attributed to a scheduled drop in its… Read More
Concern, confusion, and anger have riven the Peruvian anchovy industry this summer, as a canceled fishing season – followed by ambiguity about a restart – have left professionals up and down the supply chain wondering what will come next.
The saga began in May, when Peru’s Production Ministry (PRODUCE) delayed the main anchovy fishing season in Peru’s north-central zone – the country’s most important in… Read More
Chile’s Aquaculture Innovation Club is looking to establish an international alliance with countries that have a strong fish-farming tradition in an attempt to drive global innovation in aquaculture.
“We believe there are valuable experiences to share between Norway, Scotland, Ecuador, Spain, and other countries,” Aquaculture Innovation Club Founder and Executive Director Adolfo Alvial told SeafoodSource. “There are a… Read More
Chile’s largest salmon-farming firm, AquaChile, strengthened its weighting in overall contributions to parent company Agrosuper’s top line as the aquaculture division outperformed the holding’s meats division during the second quarter of the year, according to results recently posted by the parent company.Read More
Chile’s Superintendence of the Environment (SMA) has filed charges against two fish farming companies operating in the central Chilean region of Araucanía due to alleged wastewater mismanagement and the subsequent proliferation of microorganisms in the discharge sectors of each farm’s respective bodies of water.
According to recent reports from the environmental watchdog, SMA detected breaches of the environmental permits each… Read More