CEOs: Chilean salmon industry's volatility scaring off investors

Chile's appeal to investors is being hampered by the industry's inability to stabilize, according to the CEOs of two leading companies.

"To make the industry attractive for investors it needs to be more predictable. It is not worth the risk at these volatility levels,”  Gerardo Balbontin, CEO of Chilean farmer Blumar, told IntraFish.

“We thought we would have good results in 2015, and we did not; now we have this unforeseen algal bloom."

Nicos Nicolaides, Nova Austral CEO, told IntraFish investment groups and banks do not trust an industry that reports high profits one year, an irrational growth the following year, and strong losses for the next three to four years.

"Internally,