Tuesday, May 31, 2016

31/05/2016: Norwegian salmon industry will benefit from improvements in Chilean farming

Improved biology in Chile with predictable and sustainable volume growth will benefit Norwegian salmon industry, was the key messages from Cermaq’s CEO Jon Hindar at the Seafood conference today.

Mr John Hindar
According to Cermaq, Norway and Chile accounted for 80 percent of global supply in 2015, and other regions are too small to materially impact global market balance and prices. Hence, a prolonged negative growth scenario in Chile can lead to demand destruction for salmon unless growth in Norway can compensate.

SRS is the main challenge in Chile, leading to low price and quality realization and a concerning high use of antibiotics. An effective vaccine against SRS is needed. Cermaq in engaged in R&D as basis for vaccine development and is also running systematic trial of new vaccines.

However,this is definitely possible, but there are no "quick fixes" for a recovery of Chilean salmon farming to a sustainable industry, concluded Jon Hindar. 

Cermaq, who are a world leading producer of sustainable salmon and trout with operations in Chile, Canada and Norway, supplies salmon to customers in more than 70 countries and is an integrated farming company with operations from broodstock.

As one of the world's leading companies in farming of salmon and trout, Cermaq is a fully owned subsidiary of Mitsubishi Corporation with their head office based in Oslo, Norway.

Read more HERE.

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