Multiexport is in talks with Wal-Mart
Multiexport is supplying salmon to Costco Wholesale Corp. and Wal-Mart’s Sam’s Club chain in the U.S., Lyon said in an interview in Santiago today. The company expects record sales of US$ 260 million this year as Chile’s salmon industry recovers from an outbreak of a fish-sickening virus in 2007, he said.
According to Bloomberg, Wal-Mart curtailed purchases of Chilean salmon in 2009 after the ISA virus forced producers to cull stocks, making supplies unavailable. Norway, the world’s top producer, picked up the slack by boosting exports to the US.
“We are in negotiations” with Wal-Mart, Lyon said. “In general the Norwegians are pulling out of the US.” he said.
