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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Puerto Natales, Chile-headquartered salmon-farming firm AquaChile brought in net profits of USD 135 million (EUR 131 million) in 2024, surging 229 percent from 2023’s total of USD 41 million (EUR 39.8 million), according to consolidated results recently released by the firm’s parent company Agrosuper.
The salmon farmer’s operating revenue reached USD 1.66 billion (EUR 1.61 billion) for the year, up 10.3 percent compared to USD
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The theft of salmon is one of three areas that the Chilean internal revenue service, SII, has begun to investigate in relation to complex crimes occurring in the country.
The tax service specifically created a unit to look into complex crimes and found three areas of pressing need for further investigation to be the supply of informal commerce, vehicle theft, and mafia activity affecting the salmon industry.
Regarding the latter issue, organized
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Chile’s salmon-farming industry executives have been vocal over what they see as the need for the nation’s government to more clearly define its stance on the future of the aquaculture sector and establish a countrywide vision on salmon-farming development.
The government is working on a new aquaculture law, but different actors have failed to see eye to eye on what the law should cover and how it should be implemented.
SeafoodSource
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Chilean fishing and salmon-farming firm Camanchaca has announced that it will close its northern farming division, which is dedicated to the cultivation of abalone.
On 28 January, Camanchaca’s board of directors decided to shut down operations in the division after having suffered EBITDA losses of USD 9.3 million (EUR 9 million) between 2016 and September 2024, the company reported to Chile’s securities regulator CMF.
Camanchaca had
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Chile’s salmon-farming sector has seen significant expansion since the early 1990s. From USD 159 million (EUR 152 million) worth of salmonid exports in 1991, the industry closed 2024 with 782,076 metric tons (MT) of salmon and trout exports worth USD 6.37 billion (EUR 6.18 billion), according to the latest figures from Chile’s National Customs Service – marking growth of nearly 4,000 percent.
However, that initial growth was
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Peru’s Production Ministry (PRODUCE) has closed the second anchovy- and white anchovy-fishing season of 2024 in the country’s main fishing area, with the nation’s industrial fishing fleet having landed over 95 percent of the total allowable catch (TAC).
PRODUCE launched the second anchovy-fishing season of 2024 on 1 November 2024, establishing a TAC of 2.51 million metric tons (MT) for the season. Over 2.4 million MT were
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The U.S. Food and Drug Administration (FDA) has approved the labeling of Chilean salmon as “healthy” – a move which aquaculture companies in the South American nation see as a significant opportunity to increase sales abroad.
The newly awarded distinction is a milestone that promises to increase Chilean farmed fish’s visibility and attractiveness in the North American market, according to the Chilean Salmon
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Chile’s Salmon Council, a trade association formed in 2020, has been outspoken over the need for the nation’s salmon-farming industry to strictly obey environmental laws. It has also proactively led discussions over industry needs, sought areas of cooperation with other national industry associations, and worked to ensure that government authorities and decision-makers prioritize the aquaculture sector.
SeafoodSource spoke with
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