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.
Author Archive
Export volumes of Chilean farmed salmon slipped year over year in the first quarter of 2025, and the Chilean Salmon Council is warning the trend might worsen due to U.S. tariffs coupled with continuous domestic regulatory issues.
The country exported 218,355 metric tons (MT) of salmon between January and March 2025, marking a decrease of 2.8 percent when compared to the same quarter of 2024, per data from the Chilean National Customs
… Read More
In an increasingly competitive industry, Chile’s salmon farmers are turning to technology to drive efficiency and sustainability.
Established in 2020, the Chilean Salmon Council works to support Chile’s growing salmon aquaculture industry – which is the country’s second-largest export by value. Members of the salmon council – AquaChile, Australis, Cermaq, Mowi, and Salmones Aysén – are incorporating AI
… Read More
Chinese seafood firm Joyvio Food has completely divested from Chilean salmon-farming firm Australis Seafood, selling its stake to a fellow firm also under the umbrella of the Joyvio Group for the symbolic price of CNY 1.00 (USD 0.14, EUR 0.12).
Australis will be transferred to Joyvio Premium Fresh in a move that will now consider “potential strategic options” for Australis, which may include bringing new investors on board to enhance
… Read More
Venezuela’s state security forces have launched an “exhaustive” investigation into a fire that took place 20 April at the Procesadora Antártica shrimp-processing facility belonging to shrimp-farming firm Grupo Lamar.
The fire was an “unusual incident,” according to an official statement released under the joint logos of the Venezuelan government and Grupo Lamar. The losses were solely material, it noted,
… Read More
Peru’s Ministry of Production (PRODUCE) has set 22 April as the launch date for the first 2025 anchovy-fishing season in the country’s North-Central zone.
Authorities established a total allowable catch (TAC) of 3 million metric tons (MT) for the season, based on technical and biological reports submitted by the Peruvian Sea Institute (Imarpe). This TAC marks the second-highest seasonal quota in the last decade, PRODUCE announced on
… Read More
Chilean fishing and salmon-farming firm Blumar achieved net profits of USD 17.9 million (EUR 15.8 million) in 2024, which was an increase of 36 percent from the USD 13.1 million (EUR 11.5 million) it posted in 2023, as net income from its fishing segment outweighed losses from its aquaculture segment.
Blumar’s consolidated revenues for 2024 totaled USD 618 million (USD 545 million) – down 8 percent compared to 2023 due to lower
… Read More
Peruvian industrial fishing company and fishmeal and fish oil producer Exalmar has agreed to fully purchase fishing firm Pesquera Centinela, Exalmar reported to Peru’s securities regulator SMV.
The terms of the sale were not disclosed, but Exalmar said that the purchase “will allow in the future for the integration of teams and processes that complement each other, generating synergies and learning.” The closing of the sale
… Read More
Peru’s first anchovy-fishing season of 2025 in the southern region of the country has become the best in recent years, the nation’s Production Ministry (PRODUCE) reported.
“We are witnessing a recovery in anchovy fishing in the south, which represents a great opportunity for fishers, companies, and communities linked to this activity. This rebound not only boosts the regional economy, but also strengthens our capacity for
… Read More
Chilean salmon-farming firm Multi X saw its top-line revenues drop nearly 20 percent in 2024 as the company sold less salmon to all of its markets.
The firm’s 2024 top-line revenues came in at USD 705 million (EUR 646 million) – 19.7 percent down from the USD 878 million (EUR 804 million) it posted in 2023.
During the year, Multi X sold USD 408 million (EUR 374 million) worth of Atlantic salmon to the United States, its main market,
… Read More