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Cages for farming salmon. (Photo: Sernapesca)
Rabobank foresees salmon production stagnation
(CHILE, 4/11/2014)
The financial entity Rabobank believes that the Chilean salmon production will stagnate between the years 2014 and 2016 as a result of the doubts arising from the effectiveness of the new regulations in the industry.
According to the latest report prepared by Rabobank, salmon production in Chile will remain at about 800,000 tonnes in that period, the newspaper Estrategia reported.
The organization noted that the sanitary risks led the National Fisheries and Aquaculture Service (SERNAPESCA) to impose several restrictions, including those on the implementation of two specific fish health control programmes.
One of these programmes was intended to monitor caligus in mid-2012, and the other for salmon rickettsial syndrome (SRS) in January 2013.
"These programmes are added to the pressure on the cost structure of the companies reporting almost a 10 per cent increase in the price of salmon feed between 2011 and 2012," Rabobank remarked.
In its report the entity explains that in the event that a farming centre qualifies with high caligus levels, the company must apply sanitary treatments, each treatment can increase the cost of fish per kilogram equivalent to USD 0.07.
"The cost of these treatments increased between USD 0.35 and USD 0.42 or more per kilogram. And if it is compared with a gross income of about USD 1 per kilogram, the figures speak for themselves," the entity stated.
"This can make the difference between being profitable or not," it concluded.
By Analia Murias
editorial@seafood.media
www.seafood.media
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Croeselaan 18
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Utrecht
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(3521 CB)
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Netherlands
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+31 30 216 0000
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+31 30 216 1916
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info@rabobank.com
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