Chile’s investments abroad amount to 54 billion USD, mostly Latinamerica Chile's investment abroad amounted to about 54.2 billion US dollars between 1990 and June 2010, distributed among more than 70 countries from the Americas, Europe, Asia, Oceania and Europe, according to a report released Monday by the General Directorate of International Economic Relations (DIRECON). Argentina accounted for 29.5% of the investment, Brazil 19.6% and Colombia 12.5%.

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"Salmon farming expanded quickly, without a regulatory framework or adequate controls to prevent and anticipate environmental problems or the development of transmittable fish diseases," Carlos Chávez, an expert in environmental economy and natural resources at the University of Concepción, told Tierramérica.

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Hernan Gutierrez B., minister counselor and director of the commercial office at the Chilean Embassy in Seoul, said: "Korea has become a very important market for Chilean pork, and now it will become an important market for our chicken, contributing to the diversification of markets for the Chilean meat industry.

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Osler Desouzart, an international marketing consultant from Brazil, and Dr. Paul Aho, poultry economist based in the United States, will headline the upcoming fall meeting of the International Poultry Council (IPC) in Santiago de Chile. The meeting will be at W hotel, located in the financial district (Las Condes) of Santiago, on 30 September through October 2. The Chilean Poultry Association (APA) is the host organization for the event.

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Osler Desouzart, an international marketing consultant from Brazil, and Dr Paul Aho, poultry economist based in the United States, will headline the upcoming fall meeting of the International Poultry Council (IPC) in Santiago, Chile.

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"Ya'll oughta try some of this here fried chicken; you ain't gonna believe it!" "Xie-Xie!" (pronounced "she-she") That is Chinese for thank you. From the hills of Kentucky, the Colonial Sanders secret recipe has made a splash in China. While it is well known a lot of the stuff you buy at Walmart (WMT) is made in China; what you may not know is that China is crazy for KFC.

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Chilean fruit industry compensates smaller shipments with higher global prices sharp declines in the volume of exported fruits during the 2009-2010 season Chile’s fruit industry managed to offset those losses because of higher prices paid in foreign markets. Chilean fruit exports totalled about 3 billion US dollars according to preliminary numbers from the industry. This represents a 5% increase in revenue from the 2008-2009 season.

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Piñera rejects Bishops plea to pardon military involved in human rights abuses Chilean President Sebastian Piñera rejected a plea by the Roman Catholic Church that he pardon members of the armed forces over human rights abuses committed during military rule. Piñera said the proposal had caused division in Chile and reopened old wounds.

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King crab season takes off in southern Chile; 2.600 tons were caught in 2009 Chile’s King Crab season has officially kicked off for this year. The southern king crab is a delicacy in Chile, as 90% of each year’s catch is shipped to markets in Europe, North America and Asia. In Santiago, fresh king crab starts at about 25 US dollars per pound.

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Intense cold weather in Chile anticipates higher prices for fruits and vegetables The past week’s intensely cold weather has hit farm in central and southern Chile hard, especially those growing fruits and vegetables. Production is expected to drop sharply and there has already been a 20% rise in fruit and vegetable prices.

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Chilean beef imports during 2009-10 increased 35% year-on-year to 133,822 tonnes swt. The rise was a result of the strong economic conditions, low domestic production and the higher imports from Paraguay, which jumped 36% to 79,503 tonnes swt.

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The traditional rivalry between Chile and Argentina is likely to be turned up a notch with the news that Chile could be soon challenging its meat-famous neighbour with the quality of its beef. The premium beef industry in Chile has enjoyed US$60 million in exports and national consumption. The rise in national consumption has been attributed to higher affluence and a recent increase in exclusive butchers in eastern Santiago.

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Salmon farming in Chile greater environmental threat than estimated Salmon farms in Chile are a worse threat to the environment than originally thought following on unexpected results from a German scientific research team studying communications among whales in the southern Pacific along Chilean Patagonia. According to a report from the renowned Dynamics and Organization Department from Hanover’s Max Planck Institute and published in the latest edition of Nature, “there’s virtually no life in the areas surrounding Chilean salmon farms”.

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According to Alicia Gallardo, head of the Aquaculture Unit of SERNAPESCA, "the danger of diseases in aquaculture always exists, nevertheless, the productive scenario and bio-security is far better today." Currently, Region X is free of the ISA virus and leads in smolt stockings. In addition, in regions XI and XII alone there are a total of five salmon farming centres under suspicion, which demonstrates a remarkable improvement for the sector, the Aquaculture head added.

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Malaysia 59th country to sign free trade agreement with Chile This week Malaysia became the 59th country to sign a free trade agreement with Chile. It is the first free trade agreement (FTA) for President Sebastian Piñera's government and it is Malaysia’s first FTA with a Latin American nation.

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Chile Moves to Regulate and Permit Cultivation of GM Crops Chilean Agriculture Ministry José Antonio Galilea announced this week plans to introduce legislation to regulate and permit the cultivation of genetically modified (GM) crops in Chile. José Antonio Galilea said he has already formed an advisory team to study the matter and to propose legislation in June or July this year. Current legislation strictly limits transgenic crops to seed production, and all seeds must be exported. “Current policy is incomprehensible, and we believe the best way to fix it is through legislation,” said Galilea.

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The most important crops for Chile are salmon, mussels, Gracilaria, oysters, abalone, according the Undersecretary of Fisheries, Pablo Gailea. These products were valued at US$2.337 million in 2009. Aquaculture has transformed not only economic indicators at the national level but also has changed the dynamic of the economy in regions where it is attached.

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Fish Meal Price Rockets Because of Chilean Earthquake Damage to Plants The earthquake in Chile earlier this year destroyed Chilean processing plants tightening world supply of fishmeal and causing world market prices to hit an all-time high. Chile is the world’s second biggest exporter of fishmeal, second only to Peru.

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The local producer company Salmones Humboldt -subsidiary of the major fishing player Pesquera Coloso- will take up their salmon production again after a halt established in 2009 due to the consequences of ISA virus.

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Minister for Trade Simon Crean and Minister for Agriculture, Fisheries and Forestry and Minister for Population Tony Burke A new international agreement between Australia and Chile has removed a major trade hurdle and opens the way for greater Australian beef exports to Chile.

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A Memorandum of Understanding (MoU) between Australia and Chile was signed on 15 April under which Chile recognises the AUS-MEAT language as meeting the aims and objectives of the Chile Beef Grading Scheme.

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The Federal Government says a new trade agreement will open the way for more Australian beef exports to Chile. Trade Minister Simon Crean says the Chilean Government has agreed to recognise Australia's beef grading scheme.

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Minister for Trade Simon Crean and Minister for Agriculture, Fisheries and Forestry and Minister for Population Tony Burke

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Chilean salmon industry leaders celebrated the decision by the Constitutional Tribunal (TC) to reject a challenge to the newly passed “Ley de Pesca” (Fishing Law). Congress passed the controversial law in early March in an effort to help Chile's ailing 2 billion US dollars salmon industry get back on its feet. The law provides special credits for the salmon industry and – most controversially – provides salmon companies 25-year concessions to coastal waters where salmon farms are located.

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Chilean fisheries exports and domestic sales down 46% in first quarter Fishing production in Chile’s central south BioBio region (Region VIII) is still reeling in the aftermath of the Feb. 27 earthquake and tsunami. Revenue from Chilean export and domestic sales fell 46.4% during the first three months of the year, from 412 million US dollars, measured in the same period in 2009, to 221 million USD as a result of lower production, according to the Association of Industrial Fishing, Asipes. During the first quarter, the BioBio region experienced a considerable decrease in production lines for preserved, frozen fish and fish oil. These sectors represent just over 60% of the catch in Chile.

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New fish farming laws Congress passed the controversial law in early March in an effort to help Chile's ailing salmon industry, once a US$2 billion industry, get back on its feet. The law provides special credits for the salmon industry and – most controversially – provides salmon companies 25-year concessions to coastal waters where salmon farms are located, reports The Santiago Times .

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According to the chairman of SalmonChile, César Barros, the recently approved General Law on Fisheries and Regulation (LGPA) implies modifications that require investments within the salmon industry more than US$500 million and will increase costs by 30 per cent.

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The modification of the General Law of Fisheries and Aquaculture last week aims to prevent and sanction salmon escapes, one of the most serious problems caused by the industry. However Oceana, an international organisation focused on ocean conservation, says that the new regulation will not be sufficient to adequately resolve the environmental problems caused by salmon aquaculture in Chile.

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Fonterra has confirmed that all staff in Chile have been safely accounted for, including those who were on leave at the time of the earthquake.

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After the occurrence of an earthquake that killed hundreds of people in Chile, the country’s fruit exports have been greatly damaged. With entire towns washed away, consumers of apples will most likely see increases in the price as the country recuperates from the damaging earthquake.

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The Chilean Salmon Industry Association (SalmonChile) has donated a large sum of money the campaign ChileChile, which will help victims of the recent earthquake. The organisation wil contribute a total of 10 million litres of water to the worst affected areas, a hundred thousand salmon lunches and another 100 million pesos.

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At the risk of insensitivity, the earthquake that has affected Chile's previously robust wine industry has provided a rare glimmer of opportunity for an Australian sector that mostly has gone backwards. There are more than 100 million cases of Australian wine languishing in storage without throats to lubricate.

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After meeting with Guild executives, Sonapesca General Manager, Hector Bacigalupo said 50 per cent of industry facilities in the Bio Bio region were free of damage. This included processing plants, warehouses, unloading facilities and offices. While Mr Bacigalupo said it was too soon to determine what effect this incident will have on the industry's production, it should be noted that 50 per cent of production and catch quotas in the sector comes from the affected area, ie about 1 million tonnes of mackerel.

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Aquaculture companies with operations in Chile are reporting minimal or no damage after an 8.8-magnitude earthquake left more than 700 people dead.

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According to the Associated Press there will be no fishing season for some producers in Chile.

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The impact on Cermaq’s operation in Chile from the earthquake is mainly related to the operations in Coronel where EWOS has around 250 employees in its feed factory. Current information provides no reports on physical casualties on our employees and limited damages on the properties and constructions.

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At the risk of insensitivity, the earthquake that has affected Chile's previously robust wine industry has provided a rare glimmer of opportunity for an Australian sector that mostly has gone backwards. There are more than 100 million cases of Australian wine languishing in storage without throats to lubricate.

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In spite of the current crisis faced by the local salmon industry Pesquera Landes will start producing salmon this year with an expected Rainbow trout harvest close to 2,500 tonnes by 2011

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In spite of the current crisis faced by the local salmon industry Pesquera Landes will start producing salmon this year with an expected Rainbow trout harvest close to 2,500 tonnes by 2011

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The supply of Atlantic salmon will decline the most in two decades this year after a virus decimated output in Chile, bolstering the steepest advance in Norwegian prices since at least 2000

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As of November 2009 Norway filled in for 56.7 per cent of the Chilean salmon exports to US, the second largest market for the local

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Marine Harvest Chile got better economical results in 2009 than expected, resulting in an operational EBIT of NOK 91 million (US$ 15.47 million) and representing a 45.83 per cent decrease compared to 2008 results (NOK 168 million or US$ 28.56 million)

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Salmon exports reached US$ 2,029.5 million in 2009 representing a 12.59 per cent decrease compared to US$ 2,322 million exported in the previous year

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Although Norweigan salmon exports tripled last year, SalmonChile President Cesar Barros said that Chile will compete and will assert its position as the second largest producer of salmon worldwide - despite the continuing ISA crisis

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The price of concessions are expected to rise when the General Law on Fisheries and Aquaclture becomes law, whether they are indefinite or limited to a 25 year period

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Chile’s National Fisheries Service (SERNAPESCA) confirmed this week that currently there is “no salmon farming centre affected by the salmon infectious anaemia (ISA) virus”.

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After meeting with the Governor of Aysen, the President of Friosur, Jose Luis del Rio gave a pessimistic review of the salmon industry

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Marine Harvest, the world’s largest producer of farmed salmon, expects to increase young salmon released for maturation to 6.5 million in 2010, more than double the 2009 number, reports The Santiago Times

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The salmon industry crisis, as well as other economic variations, leaded the Chilean industrial production index to a 0.3 per cent decrease in December 2009 totalising a 6.7 per cent drop in the interannual variability last year

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The use of copper mesh in salmon farms is not only a mechanism against bacteria and fish diseases, but also reduces the generation of carbon for every kilo of salmon produced

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Chilean beef and veal imports increased 28% year-on-year in 2009 to 117,874 tonnes swt, fuelled by a 50% increase in shipments from Argentina

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“I felt a rush and a little fear when I saw it,” said Chilean surf champion Diego Medina after spotting what appeared to be a shark off the beaches of La Serena (Region IV). In reality, the creature was one of the large swordfish species that recently migrated to Chile’s shores as a consequence of warming water currents. The swordfish is just one of several species that have migrated from afar to Chile due to global climate change. Spanish marine experts have been tracking the sudden southward migration of swordfish from tropical seas since June 2009.

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Chile has recently entered the age of the garagiste winemaker. For those unfamiliar with the term, it originated in the Bordeaux region of France in the mid-1990's, where at the time it was a slightly derogatory term for winemakers who usually purchased grapes from other growers and made small lots of wines in equally small production facilities, which, in some cases, were garages

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According to FishfarmingXpert, the governing party's parliamentarians voted against the articles related to the mortgage system for aquaculture concessions

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The project's ambitious goal is to produce 165 million litres of bio-fuel — an equivalent to 5% of Chile's petrol consumption — in one year

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Chilean wine brand Concha y Toro increased its export volumes by 22% in 2009, according to figures released by the company over the weekend

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The project's ambitious goal is to produce 165 million litres of bio-fuel — an equivalent to 5% of Chile's petrol consumption — in one year

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Mario Montanari, chairman of the producer company Invertec, reveals that there are already some investors getting closer to the Chilean salmon industry

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Between January and November 2009, the Chilean salmon companies sent 39,228 tonnes of fresh farmed salmon fillets to the USA representing a 44.32% decrease

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According to Fishfarming expert, during the session, Senator Guido Girardi cautioned that the legislative bill is privatising a national public good (the sea).

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