Salmonchile boss says low salmon price will affect Chilean industry the most

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“It’s going to be a negative economic outcome, but we’re confident that if the situation tends to normalise, prices will recover.”

In a frank interview with La Tercera, the former CEO of Multiexport and current president of SalmonChile Arturo Clément laid out his concerns for the Latin American salmon industry.

Aquaculture pioneer Clément explained that the industry as a whole is operating at around 85% of capacity due to the COVID-19 pandemic.

But there was some relief when last week, as Chinese authorities confirmed to Chilean aquaculture unit Sernapesca that there were no restrictions on imports of Chilean salmon. But in May, SalmonBusiness reported that Chile’s frozen salmon inventory had swelled up to over 50,000 tonnes.

Clément told the publication that the industry hopes that once the health crisis has been overcome, “businesses will quickly return to normal and actively contribute to the country’s social and economic revival.”

When prompted by La Tercera what the biggest impact for the industry will be this year, he said: “The impact will be given by the low prices at which we are selling. It’s going to be a negative economic outcome, but we’re confident that if the situation tends to normalise, prices will recover.”