As the salmon industry carefully watches the Chilean algal bloom crisis unfold, many are bracing for a salmon shortage and high prices -- particularly in the US market.

"I think its going to be tough for the world salmon supply to fill the void the Chileans are leaving because there isn't a lot of excess capacity," Peter Gati, president of the US East Coast division of Norwegian salmon importer Storm Seafood, told IntraFish.

"Norway isn't issuing more production licenses, so its not like it can turn on a switch and increase output."

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