Prices for Chilean coho salmon are expected to keep rising in Japan amid expectation of reduced harvests in the South American country, after a roller coaster ride on the Japanese market in the past two years.
The market for Chilean coho in Japan has been marked by high carryover volumes of larger-sized fish, which has made profitability for suppliers hard to come by, according to SeaCorp CEO Alfredo Ovalle, whose company specializes in farmed salmon sales.
Carryover for 2018-2019 was 15,000-18,000 metric tons before increasing to 30,000 metric tons last year, fueled by the abundance of 6-9 pound fish.
