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 of 8,783 MT WFE it recorded in the same quarter of 2023.
The company attributed the rise in harvest volume to the postponement of harvests from the previous quarter.
The company’s Q4 2024 coho salmon harvest, meanwhile, totaled 3,354 MT WFE, dropping 63 percent from the Q4 2023 harvest of 8,948 MT WFE, mainly owing to plans to decrease production to one grow-out center from three.
The average selling price of Atlantic salmon was USD 6.56 (EUR 6.02) per kilogram WFE in the quarter, which remained nearly the same year over year, while that of coho shot up 43 percent to USD 5.11 (EUR 4.69) per kilogram WFE when compared to the same period in 2023.
For the full year of 2024, Salmones Camanchaca harvested 47,661 MT WFE of Atlantic salmon and sold 49,365 MT WFE, up 8 percent and 15 percent, respectively, when compared to 2023...
