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Wednesday, July 22, 2009 

Salmon lovers

get ready for some sticker shocks
Salmon prices, which gained as much as a third in the U.S. this year, may extend the rally as a virus hurts output in Chile, the nation’s biggest publicly traded producer said.

Prices may rise a further 20 percent this year amid tumbling output in Chile, the world’s second-largest supplier of the fish, said Jason Paine, head of the U.S. unit of Puerto Montt, Chile-based Multiexport Foods SA. Exports to the U.S. could fall as much 60 percent by year’s end, he said.- Bloomberg

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