With low growth in Chilean salmon production and no growth expected in Norway, the salmon industry is posed for an optimistic short and medium term, Andres Lyon, CEO of Multiexport told IntraFish.

“Next year we should see a reduction in volumes, or at least no growth at all, coming from Norway, and a little increase from Chile, which should keep prices strong,” Lyon said.

“Demand will definitely keep growing ahead of production.”

The current salmon biomass in Chile and Norway, as well as factors affecting production such as sea lice, suggest growth will be moderate going forward.