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Low export prices, pandemic cause new delay in Salmones Austral stock listing

Low export prices, pandemic cause new delay in Salmones Austral stock listing By April 29, 2021 09:43 BST Chilean salmon farmer Salmones Austral has decided to wait until 2022 to register the company and sell its shares in an initial public offering (IPO), once financial conditions are expected to be more favorable.  [.] Want to keep reading? sign up This field is required Remember me Enter the email address associated with your account. We ll send you instructions to reset your password. This field is required to change your password. redirecting. Don t miss a beat Start your week with our Editor s choice Go d indicates our

Lower sales, prices drive down 2020 earnings for Chile s Austral

Salmones Austral s sales reached 39,100 metric tons of salmon in 2020, a 9% decrease in volumes sold year-on-year

Low prices drag Salmones Austral to a $7 6 million loss

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Navigating this crisis has not been cheap : Salmon feed volumes lift BioMar earnings in otherwise volatile year

Ecuador and Chile customers took a hit as the critical foodservice market struggled, but salmon feed volumes remained high and the company is bullish on 2021.

Multiple Chile salmon farming companies halt production to combat spread of COVID-19

Chilean salmon farmers Salmones Austral, Yadran and Marine Farm paused operations on Friday in Quellon on the southern Chiloe island as part of a drive to combat the spread of the deadly coronavirus, trade association SalmonChile said. Operations were paused to allow a comprehensive polymerase chain reaction (PCR) testing program to be carried out under an industry plan overseeing sanitation of all sites experiencing outbreaks. SalmonChile Territorial Director Tomas Monge said the companies made the pause voluntarily, and noted that since last Jan. 18, only workers testing negative for COVID-19 have been in the facilities.

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