Chile’s Salmon Council says third quarter has had the most significant decline

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AquaChile, Cermaq, Mowi, and Salmones Aysén formed the Chilean Salmon Council (Consejo del Salmón) in May.

La Tercera reports that the first quarterly report of the trade organisation Salmon Council, which writes that exports have dropped by a quarter in some months, a third alone in August.

Formed this year, the group composed of AquaChile, Cermaq, Mowi, and Salmones Aysén, is responsible for 42 per-cent of salmon and trout production in Chile.

“At the quarterly level, salmon and trout exports in the third quarter of 2020 totaled USD 865 million, down 23.2 per-cent in the same quarter last year, with the most significant decline in quarterly terms so far in 2020 compared to the previous year,” the report noted.

“In reviewing monthly data, salmon exports fell by 24.5 per-cent and 26.7 per-cent in September and October 2020 respectively, both falling significantly but smaller than August’s 29 per-cent,” it added.

Exports to major destinations fell in October from the same month in 2019, the publication noted. Out of the top five salmon buyers, Russia was the only one to see an increase in shipments that month, which grew by 21 per-cent.

In October, salmon exports decreased to China by 92 per-cent, compared to the year before.

SalmonBusiness reported on Monday that frozen salmon in Chile is currently being sold for USD 3/kilo.