Chilean salmon farmer, Salmones Austral, fell victim to higher costs and lower prices in the first nine months of this year, diving into the red as a result.

The company posted an overall loss of $30 million (€25 million) for the period, compared with a profit of $21.5 million (€17.9 million) this time last year.

In the third quarter alone, July to September, the company posted a loss of $17.4