Salmones Camanchaca renews JV agreement for trout production

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MOU signed with Caleta Bay and Kabsa will increase annual average harvest by 10 per-cent from 2023.

In a press release, Chilean salmon farmer Salmones Camanchaca writes that it has signed an MOU to extend its trout joint venture agreement with trout farmers Caleta Bay and Kabsa.

This was originally agreed for the period 2017- 2022 for the production, distribution and sales of trout in seawater sites in the Reloncaví estuary, Los Lagos Region (Chile), which are owned by Salmones Camanchaca.

Salmones Camanchaca originally contributed six aquaculture concessions to the Joint Venture, four of which will continue to be operated by Caleta Bay after 2022, and where Kabsa also participates as a third associate. The three joint venture partners participate in equal part of the results of this operation.

The JV contract has been extended for a period of six years from January 2023 but operating four concessions with a total expected intake of approximately six million fish per productive cycle (two years). This intake represents approximately two-thirds of the JV production of approximately nice million fish per cycle.

The remaining three million fish will be utilized by Salmones Camanchaca in its production of Atlantic salmon and coho.

“These additional volumes will enable Salmones Camanchaca to achieve a more balanced production of the three species, and consistent with its existing production capacity in freshwater, seawater and processing,” it said.

Salmones Camanchaca estimates this new agreement will increase its annual average harvest volume by approximately 6,000 tonnes, an increase of 10 per-cent from 2023 expected volumes.