On-the-Ground Update

Uncertainty Amidst 25% Increase in Chilean Salmon Production, Suspension of Japanese Market, and Pricing Challenges During W37

Published Sep 15, 2023
During W37, the coho salmon market faces uncertainty due to a substantial increase of 25% in Chilean production compared to the previous season, resulting in the suspension of the main purchasing market in Japan. Japanese importers, who incurred losses last season, are hesitant to repeat their unfavorable experience. Additionally, exchange rates (JPY to USD) and elevated cold storage inventory levels in Japan further complicate purchasing decisions. Chilean producers are currently offering prices of USD 6.70/kg for Premium 4/6 lbs and USD 6.25 to 6.50/kg for Premium 6/9 lbs, CFR at the main port in Asia.
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