Regional impact of poor prices revealed
Exports from Chile's Los Lagos region decreased by almost US $100 million in January, largely due to a reduction in salmon prices compared to the same month in 2015.
Exports from the region of Los Lagos totalled nearly US$ 400 million in January, according to radio Bio Bio, representing a 20.1 per cent decrease compared to the same month in 2015.
The regional director of the Chilean Institute of Statistics (INE), Guillermo Roa, said that the salmon price crisis in different markets was responsible for this reduction.
Markets that were most affected were Asia and North America, which are the main destinations for the region's salmon, which is the area's flagship product and represents over 80 per cent of the region's exports.