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
Labels: Chile, Food Imports, food prices, prices, salmon, shortages
