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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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
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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
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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,
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Chilean salmon-farming firm Salmones Austral has submitted a USD 5.5 million (EUR 5.1 million) project for environmental approval to expand operations at its 10-hectare Angosta grow-out center in the country’s southern Aysen region.
As part of the plan, the company is looking to expand production of Atlantic salmon from 5,200 metric tons (MT) to 7,900 MT per production cycle. Currently, the center has 20 square pens; the firm wants to
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Chilean fishing and salmon-farming firm Camanchaca saw its after-tax profit jump to USD 22 million (EUR 20.3 million) for the full year 2024, quadrupling the USD 5.4 million (EUR 5 million) it posted in 2023 thanks to strong performances in both its fishing and salmon-farming divisions.
“Our focus on quality, efficiency, and scale is paying off and the 2024 numbers prove it,” Camanchaca CEO Ricardo García Holtz said.
He
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Salmon-farming stakeholders in Chile – including companies, associations, government authorities, industry workers, and academia – have come together to begin working on a 50-year plan to help drive sector development.
Interested parties met in the southern city of Puerto Montt at the beginning of March for a signing ceremony that confirmed their commitments to developing the 50-year salmon plan. The proposed plan has a
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CeDePesca – a Buenos Aires, Argentina-headquartered NGO that aims to help fisheries in Latin America work toward implementing more sustainable practices – has made advancements with fishery improvement projects (FIP) for hake in Chile and red snapper in Mexico, the organization announced in separate reports.
Regarding the former FIP, the Chilean hake (Merluccius gayi gayi) fishery has entered into the full assessment process to
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Puerto Montt, Chile-based salmon-farming firm Salmones Camanchaca returned to profitability in the fourth quarter of 2024, posting net earnings of USD 3.9 million (EUR 3.6 million) compared to a USD 6.5 million (EUR 6 million) loss in the same quarter of 2023.
The earnings spike came as Salmones Camanchaca harvested 13,689 metric tons (MT) whole fish equivalent (WFE) of Atlantic salmon in the quarter, which was 56 percent higher than the harvest
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Puerto Natales, Chile-headquartered aquaculture firm AquaChile has opened its first branch in the U.S., aiming to further cement its position within its largest export market.
The new branch, located in Medley, Florida, in the Miami metropolitan area, “reinforces the company's strategy to bring its seafood to one of the most dynamic and demanding markets in the world,” AquaChile said in a release.
The branch will have a team of more
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