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Chile's Superintendency of the Environment has hit multiple salmon farming companies with overproduction charges in the Aysen and Magallanes regions.
Three of Chile’s largest seafood farming operators have posted their third-quarter results for 2020. During the third quarter, Chilean salmon farming company Nova Austral’s revenues increased 26 percent to USD 39.7 million (EUR 32.8 million) when compared to the same period in 2019, mainly due to higher volumes sold and partially offset by lower market prices, the company reported to the Oslo stock market, where it is traded publicly. However, cost of goods sold outpaced the revenue increase, increasing by 32 percent year-over-year to USD 37.3 million (EUR 30.8 million), which the com...