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June 22, 2013

Chile

Fishmeal Prices Rising Rapidly

 

Camanchaca, a Chilaen aquaculture (salmon and mollusks) and fishing company, expects fishmeal prices to rise significantly through the remainder of 2013 as Peruvian pelagic fish catches have dropped while Chinese demand and Chilean salmon production levels have increased, creating a spike in fishmeal prices.  During the first half of 2013, prices climbed to near five-year highs.  Camanchaca predicts that fishmeal prices will hit $1,750 a metric ton this year, up 18% from a high of $1,478 a ton in 2012.  In addition, fishmeal production is expected to drop in 2014.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Camanchaca Predicts Fishmeal Prices to Rise 18% in 2013 on Chinese Demand, Record Salmon Production.  Michael Ramsingh (phone 1-732-240-5330, email michaelramsingh@seafood.com).  June 20, 2013.

 

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