Chilean salmon sector show signs of recovery

Following the near-collapse of the Chilean salmon industry, there are the first signs of its recovery as entrepreneurs return to invest in the sector.

According to reports, several Chilean salmon companies have started their path to get back on the production levels prior to the sanitary crisis during the last few weeks. This phenomenon is more evident when looking at the amount of projects presented to the public Environmental Impact Assessment System (SEIA).

Some sources said that the industry already weathered the bumpy ride and that by now, it is focused on identifying the losses caused by the sanitary crisis and estimating the productive scenario in order to plan the future development.

As an example, in spite of the absence of a new regulation for the Chilean salmon industry, Pesquera Landes entered the sector last week by acquiring Providencia Fish Farms.

In their turn, the former chairman of Mainstream Chile, Francisco Ariztia, and his partner, Fernando Toro, created the company Salmones Sur Austral, focused on the operation of eight farming centres to produce about 5,000 gross tonnes by 2010.