Christian Molinari

The Public Prosecutor’s Office of Chile recently informed involved parties that it aims to formalize allegations brought by Chinese foodservice group Joyvio against businessman Isidoro Quiroga and former executives at salmon-farming firm Australis regarding the sale of the company six years ago.

Quiroga sold Australis to Joyvio in 2018 for USD 921 million (EUR 871 million). 

Following the sale, Joyvio alleged Quiroga engaged in

Ecuador’s National Chamber of Aquaculture (CNA) has called on the government to refrain from advancing plans to issue large electricity cuts during the last two weeks of the year.

Power outages have battered Ecuador for months as adverse weather conditions have particularly affected areas where the country’s dams are located, which is especially problematic in Ecuador as hydropower comprises nearly 60 percent of the energy the nation

Chilean fishing and salmon-farming firm Camanchaca suffered losses in the third quarter of 2024 as high fishing yields and lower salmon production costs were not enough to drag the company’s performance into the black.

Total Q3 revenues for the firm amounted to USD 160 million (EUR 152 million) – down 17.9 percent from the USD 195 million (EUR 185 million) it posted in the third quarter of 2023. Its EBITDA before fair value reached

Chilean salmon-farming association SalmonChile has defined three main areas of focus for the country’s salmon-farming sector to strategize around as the industry evolves.

The focus areas arose from “Dialogues for the Salmon Farming of the Future” events, which SalmonChile sponsored to collect the opinions of the general public in Chile’s south, where the majority of the country’s salmon farming takes place, on

Catches have been scarce in Peru’s giant squid fishery, which, together with the related processing industry, is facing an unprecedented crisis due to high raw material costs, natural weather conditions, and illegal, unreported, and unregulated (IUU) fishing practices.

“This is the worst crisis in the 25 years since squid began to be exploited in significant volumes in Peru,” Committee for the Sustainable Management of the

Shrimp exports from Ecuador continued to slip in October 2024 as the country has faced domestic and international hurdles that have stymied growth.

“Just as we had anticipated, the complex situation of the international markets and the [domestic] energy crisis have impacted shrimp exports, which in October registered 190 million pounds – the lowest level in the last two years,” Ecuador National Chamber of Aquaculture (CNA)

For the first time in its nearly 30-year history, AquaExpo – an annual event that hosts discussions on Ecuadorian shrimp production – hosted a sustainability forum, in which experts at the event’s 2024 edition examined how the industry has developed – and how it can move toward more responsible, sustainable, and transparent practices to drive better aquaculture performance.

“Ecuadorian producers have already proven

Chilean salmon-farming firm Multi X closed the third quarter of 2024 with a significant drop in revenue, which the company said was due to low average harvest weights and weak market prices.

The firm’s average harvest weight of Atlantic salmon reached 4.94 kilograms during the third quarter of 2024, compared to 5.28 kilograms in the same quarter last year. 

In the U.S., which is the company’s main market, Multi X said average

Inter-industry cooperation across the supply chain is needed now more than ever to meet increasing consumer demands for traceability, sustainability, and animal welfare in the shrimp-farming industry, according to a panel of executives during the recent AquaExpo conference in Guayaquil, Ecuador.

The panel, “New paths toward sustainability: How DNA traceability and alternative ingredients are shaping the future of shrimp farming,”