September 26, 2003
Chile Salmon Outlook Optimistic
Things are looking up for Chilean salmon farmers despite the recent sharp drop in the United States dollar.
Cox admitted that a lower exchange rate will produce a lowering of returns for the export sector, "but what is more important, more than the absolute value of the dollar, is the stability it has." Added to that is the relative stability of Chile's salmon industry
What is more important is the exchange rate in the medium and long term, and not short-term fluctuations.