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to fall.
Camanchaca CEO Ricardo Garcia Holtz said at the company's third-quarter report meeting that Chilean salmon production will decline by 10% and 6%
year-on-year in the fourth quarter of 2022 and the first quarter of 2023, respectively.
For the whole of 2022, Chilean production is expected to increase by 3%, and in 2023 it may fall again by 2%.
year-on-year in the fourth quarter of 2022 and the first quarter of 2023, respectively.
For the whole of 2022, Chilean production is expected to increase by 3%, and in 2023 it may fall again by 2%.
Garcia said the price drop in the third quarter was related to a seasonal decline in demand and global production growth, but it was still higher than historical levels
.
This year, Camanchaca successfully captured the market trends, grasped the advantages of high spot prices in the second quarter and frozen prices in the third quarter, and the company's marketing and product strategy has greater flexibility and can fully adapt to market demand
.
.
This year, Camanchaca successfully captured the market trends, grasped the advantages of high spot prices in the second quarter and frozen prices in the third quarter, and the company's marketing and product strategy has greater flexibility and can fully adapt to market demand
.
In addition, the company realigned its sales plans and contract orders with strategic customers to reflect the latest market price conditions and continued to focus its marketing strategy on core markets, leveraging long-term customer relationships and strong positioning to allocate a value-added product portfolio and improve margins
on frozen products in the European and Asian markets.
on frozen products in the European and Asian markets.
In the third quarter, Camanchaca reported fair value adjusted profit of $21.
03 million, compared to a loss of $
462,000 in the year-ago quarter.
03 million, compared to a loss of $
462,000 in the year-ago quarter.
Garcia expects the company's Atlantic salmon production to reach 46,000 tonnes in 2022, up 10% from last year, and next year's production is expected to be roughly the same
as this year.
as this year.
Manuel Francisco Arriagada Ossa, Managing Director of Camanchaca's farming business, said: "We are definitely facing cost pressures, including increased feed and operating costs
, due to global inflation.
In the third quarter, farming costs increased by $1.
10/kg compared to the same period in 2020, with 50% coming from feed and 50% due to higher inflation and operating costs
.
But international freight rates began to fall
.
”
, due to global inflation.
In the third quarter, farming costs increased by $1.
10/kg compared to the same period in 2020, with 50% coming from feed and 50% due to higher inflation and operating costs
.
But international freight rates began to fall
.
”
Arriagad also said that Camanchaca's mortality rate is low this year (there was an outbreak of red tide on the company's farm in February last year).
"The positive changes in marine and biological conditions in the Patagonia region have maintained this good state, with a very low incidence of sea lice disease and little impact of rickettsial salmon syndrome
.
Antibiotic use this year is also 30 percent
less than last year.
”
"The positive changes in marine and biological conditions in the Patagonia region have maintained this good state, with a very low incidence of sea lice disease and little impact of rickettsial salmon syndrome
.
Antibiotic use this year is also 30 percent
less than last year.
”
