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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China's zero-COVID policy caused its imports of Chilean salmon to plummet, and indirectly led to the downfall of New World Currents, a joint venture formed between five Chilean salmon firms jointly targeting the Chinese market.
New World Currents was founded in 2013 to enable Australis, Blumar, Camanchaca, Yadran, and Marine Farm to work jointly to market salmon in the world's most-populous country. But when the COVID pandemic hit
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Santiago, Chile-based Salmones Camamchaca continued to see strong results in the third quarter of 2022, with net income rising 306 percent to USD 18.5 million (EUR 17.9 million) when compared to the USD 4.6 million (EUR 4.4 million) it posted in Q3 2021.
Camanchaca's quarterly operating revenue reached USD 95.9 million (EUR 93.1 million) in Q3 2022, up 45.6 percent year-o-ver-year. Its earnings before interest, taxes, depreciation, and
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Peru’s Ministry of Production (PRODUCE) has authorized a 28 November start of the second season of the north-central zone’s anchovy fishery, establishing a total allowable catch (TAC) of up to 2.28 million metric tons (MT).
The country’s anchovy fishery, which targets both Engraulis ringens and Anchoa nasus, primarily for use in making fishmeal and fish oil, is the largest by volume in the world. The
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The Chilean Salmon Council has named Loreto Seguel its new executive director, beginning 1 December.
Seguel’s hiring follows the council’s announcement at the beginning of November that its current director, Joanna Davidovich, would step down by month’s end and join the council's board as an independent member. Davidovich was appointed the council's executive director in 2020 upon the creation of the council, which represents
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Santiago, Chile-based Salmones Camanchaca CEO Ricardo García recently presented at the International Fishmeal and Fish Oil (IFFO) conference in Lima, Peru, where he extolled salmon farming’s efficiencies to meet protein needs in a world whose population is growing but whose resources are limited. However, the salmon farming industry in Chile has increasingly been questioned over matters such as sustainability and environmental
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AquaChile, Chile’s largest salmon farmer, is preparing to abandon the concessions it has in national parks, the head of Chile’s Undersecretary of Fisheries and Aquaculture (Subpesca), Julio Salas, said at the Aqua Forum seminar in Puerto Montt, Chile on 9 November.
Removing salmon farmers from protected areas is a priority of Chile President Gabriel Boric. Recently, there has been progress in this effort as a result of coordination
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Chile’s Council for the Defense of the State (CDE) has filed a suit against Punta Arenas-based salmon farmer Nova Austral, seeking compensation for environmental damage allegedly caused in the Alberto de Agostini National Park, located in the fjords of the Magallanes Region in the far south of the country.
According to the CDE, the irreversible damage stems from overproduction at Nova Austral’s aquaculture centers Cockburn 14,
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Peru is expected to surpass USD 2 billion (EUR 2 billion) this year in earnings from exports of fishmeal and fish oil, compared to USD 2.3 billion (EUR 2.3 billion) in 2021 – which was up 60 percent from 2020.
The earnings total was first reported by Peruvian government news service Andina, citing figures from Peru’s National Fisheries Society (SNP).
“There is a growing demand for feed, mainly for poultry farming,
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Chilean Salmon Council Executive Director Joanna Davidovich will step down from her position and join the council's board as an independent member as of 1 December, the organization announced on 4 November, 2022.
Davidovich was named the council's executive director in 2020, upon the creation of the council, which represents AquaChile, Australis, Cermaq, Mowi, and Salmones Aysén, which together account for over half of
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U.S.-based animal nutrition company Cargill and its Ecuadorian partner, shrimp farmer Naturisa, have agreed to form a joint venture (JV) with Ecuador’s Skyvest EC Holding that is expected to lead to a doubling of shrimp feed capacity for the American company in the Latin American country.
Under the agreement, Cargill will look to expand its shrimp-feed production capabilities by owning and operating a 156,000 metric ton (MT) capacity
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