Salmon farmers’ shares rise as Chilean algal bloom boosts prices

Posted by Reuters: Felipe Iturrieta on March 14th, 2016
Reuters: An algal bloom in Chile that has killed up to 20 percent of the nation's farmed salmon has sent shares of producers higher as the reduced supply has lifted selling prices. Over the last month and a half, salmon farmers in Chile, the second-largest global producer after Norway, have been hit by production losses of around 100,000 tonnes, worth some $800 million, according to industry experts. The drop in supply from Chile caused global prices last week to rise 25 percent to $5 per pound in Miami,......

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