Norwegian salmon industry will benefit from improvements in Chilean farming

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Norwegian salmon industry will benefit from improvements in Chilean farming

Improved biology in Chile with predictable and sustainable volume growth will benefit Norwegian salmon industry, was the key messages from Cermaq’s CEO Jon Hindar at the Seafood conference today.

Norway and Chile accounted for 80% of global supply in 2015, and other regions are too small to materially impact global market balance and prices. Hence, a prolonged negative growth scenario in Chile can lead to demand destruction for salmon unless growth in Norway can compensate.

SRS is the main challenge in Chile, leading to low price and quality realization and a concerning high use of antibiotics. An effective vaccine against SRS is needed. Cermaq in engaged in R&D as basis for vaccine development and is also running systematic trial of new vaccines.

- It is definitely possible, but there are no «quick fixes» for a recovery of Chilean salmon farming to a sustainable industry, concluded Jon Hindar.

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Cermaq is one of the world's leading companies in farming of salmon and trout, with operations in Norway, Chile and Canada. Cermaq is a fully owned subsidiary of Mitsubishi Corporation with head office in Oslo, Norway.

Contacts

Lars Galtung

Lars Galtung

Press contact Chief Communication and Sustainability Officer  +4798214812
Lise Bergan

Lise Bergan

Press contact Head of Communication +47 932 51 114
Astrid Vik Aam

Astrid Vik Aam

Press contact Communications Manager +47 924 90 676

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Norwegian salmon industry will benefit from improvements in Chilean farming
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Sustainable aquaculture

Cermaq is a world leading producer of sustainable salmon and trout with operations in Chile, Canada and Norway.
Cermaq supplies salmon to customers in more than 70 countries around the world and has annual revenues of around NOK 12 billion. The company has around 2800 employees and is a fully owned subsidiary of Mitsubishi Corporation with head office in Oslo, Norway.
Cermaq is driving transition of our food system towards healthier and more climate-friendly food. Our approach is transparency, performance, and partnerships, setting ambitious climate goals, innovation for clean farming, and scaling impact and ripple effects through local and global partnerships.

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