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    Home > Food News > Food Articles > In the second quarter of this year, the profits of some Chilean salmon companies increased significantly

    In the second quarter of this year, the profits of some Chilean salmon companies increased significantly

    • Last Update: 2022-09-20
    • Source: Internet
    • Author: User
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    Epidemic catering salmon prices
     
    In the second quarter of this year, Chilean Multixport Foods' salmon revenue and sales decreased by 2.
    4 percent and 8.
    8 percent, respectively, while profits increased by 21 percent, and the company reported a 19 percent
    increase in the selling price of salmon.
     
    A year ago, Salmones Camanchaca reported a loss of $8.
    4 million, and in the second quarter of this year, the company earned $16.
    9 million, mainly due to a 48% increase in the price of
    Atlantic salmon.
     
    Blumar nearly doubled its profit in the first half of the year, rising from $24.
    1 million in 2021 to $44 million, and the company said the average price of salmon rose by 42 percent
    over the same period.
     
    The Chilean Salmon Association said the average price of salmon fell to $4.
    90 per kilogram in 2020, and by the second quarter of 2022, the price of salmon had grown to $9.
    60, an almost 100 percent
    increase.
    Due to the recovery of the catering industry (HORECA), the market demand has been increasing, and the production has decreased, resulting in prices rising above normal levels
    .
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