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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La Paz, Baja California Sur, Mexico-based aquaculture firm Omega Azul raises fish of the Seriola rivoliana species, which comprise yellowtail, amberjack, and kanpachi. It began raising fish in 2000 in the Sea of Cortez, together with fellow farmer King Kampachi, with which it merged in 2023.
After two decades of learning industry lessons and having made it through the troubling times of the Covid-19 pandemic, the company is forecasting USD 6.3
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A battle is brewing over fishing rights near Peru's Paracas National Reserve.
Peru’s National Fisheries Society (SNP) has petitioned for the ability to fish 5 miles off the reserve’s shores, but environmental and conservation organizations are fighting the request.
The ecologically rich reserve is located on the coast of the Pisco province, just over 250 kilometers south of Lima. Its 335,000-hectare area – 200,000 hectares of
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Ecuador increased its year-over-year shrimp exports in April, despite lower sales to its principal market – China – and lower per-pound prices, according to the latest figures from the country’s National Aquaculture Chamber (CNA).
Ecuadorian shrimp exports in April reached USD 539 million (EUR 502 million) by value and 246 million pounds by volume, marking respective increases of 4.4 percent and 19.1 percent from the USD 516
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Chilean legislators are preparing a bill that would stiffen penalties for salmon theft, strengthen controls around the illicit practice, and enable the use of special investigation techniques for prosecution.
The bill stipulates that the salmon industry is one of Chile’s most significant economic activities, with salmon exports bringing the country USD 6.7 billion (EUR 6.2 billion) annually – 2.1 percent of its GDP – and
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Chilean salmon-farming firm Multi X’s consolidated losses in the first quarter of 2024 more than trebled year over year, with the company posting a net loss of USD 9.5 million (EUR 8.7 million) compared to a net loss of USD 2.7 million (EUR 2.5 million) in the same quarter of 2023, as lower market prices coupled with falling sales volume affected performance.
Multi X’s Q1 2024 operating revenues came in at USD 165 million (EUR 152
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The Chilean salmon-farming industry is seeking participation from global pharmaceutical companies to help it reduce its antibiotics use.
The Yelcho Project was launched in March 2024 to foster collaboration in an attempt to reduce the Chilean salmon-farming industry’s use of antibiotics, while simultaneously increasing vaccines to prevent bacterial diseases. It markets itself as the first public-private partnership of its kind between
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