Chile's Salmones Austral plans to wait until market conditions improve before pushing ahead with a $47 million (€39 million) share issue, the company said in a letter to the country's stock market regulator.

The postponement has been forced by the coronavirus pandemic and consequent low salmon prices.

Global foodservice industries were decimated by restrictions placed on the public aimed at combatting the spread of the deadly disease, which has so far claimed the lives of more than 3.1