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Chilean salmon prices enter an upward channel, and production may grow negatively early next year

 Last Update: 2022-10-12
 Source: Internet
 Author: User

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At the Conxemar in Spain, from October 4 to 6, European salmon processors and Chilean suppliers said that a 40% resource tax on the Norwegian salmon industry (if implemented in January next year) will help raise global prices, in addition to other factors that will support the salmon market
in the coming months and early next year.

A Chilean salmon business executive said Chilean salmon production will remain stable during the new administration, and it will be difficult for producers to increase production
.
Another Chilean executive pointed out that especially in early 2023, Chilean Atlantic salmon production will decline by 6% year-on-year due to the production cycle, but full-year production will remain stable
year-on-year.

According to Kontali, Norway, Norway's production growth rate will be only 3-4% next year, which means that if demand can still grow at the current rate, prices will remain at a good level
.
Next year's prices may not be higher than in April and May, but they will be much higher than the average of
the past decade.

He also noted that orders in the foodservice sector have begun to restart, while retail demand has remained stable
.
The main challenge for the salmon industry is rising costs, especially feed and logistics costs, which have been partially offset by high prices this year
.
At this stage, the price of Chilean salmon is at a low level, and his company has raised its quotations since this week and will continue to increase prices
in the future.

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