Outlook for Chilean and Japanese Industries

“Outlook for Salmon Farming in Chile”

Seiji TakahashiNippon Suisan America Latina S.A.

From 1970s to the early 1980s the projectof Releases and Returns were tried.

At that time Japanese government issued a technical cooperation by JICA.

Farming started from the late 1970s. Wooden cage was used. Farming technology was immature.

Production volume has increased remarkablyabout 700 times in 30 years(1985-2014), reaching to around 750,000t.

Pioneer Days of Salmon Farming in Chile

1,000tReference:Aquabench etc.,incl.estimation

Development of Farming technology

Feeding House

Feeding is controlled by computer system.

There are 1,359 concessions and about 350 sites are in operation now.

Capacity/1site(Atlantic Salmon)50,000fish/cage×20cages

×Survival Rate85%×4.5kg/fish＝3,800tCage size：30m×30m×16m(Depth)

Sea site

The position of Salmon Farming in Chile

Chilean Salmon and Trout Exporting Result

Millon US$

Value(millonUS$) %

Mining 45,333.40 59.2%

Food, Chemical product, Paper etc. 19,966.46 26.1%

Salmon 3,520.74 4.6%

Agriculture, Pastoralism, Forestry etc. 5,521.58 7.2%

Other 2,202.50 2.9%

TOTAL 76,544.68 100.0%

Reference:Infotrade.

Reference:Customs clearance of Chile.

Company Sales(1,000US$）

Ocupation(%)

1 Group Aquachile(Aquachile+A.Claras+S.Chiloe+Invertec) 470,208 15%2 Group Mitsubishi(Cermaq(Mainstream+CM Chiloe)+Humboldt) 422,897 13%3 Group Marine Harvest(Marine Harvest+Acuinova) 336,608 10%4 Los Fiordos Limitada 257,871 8%5 Salmones Multiexport S.A. 222,517 7%6 Group Blumar(S.Blumar+Golfo+Itata) 178,066 6%7 Salmones Camanchaca S.A. 156,955 5%8 Group Glaciares(Ventisqueros+Cong. Del Pacifico) 127,719 4%9 Salmones Australes(Trusal+Pacific Star) 119,108 4%

10 Salmones Antartica S.A. 111,628 3%11 Australis Mar S.A. 89,034 3%12 Granja Marina Tornagaleones S.A. 84,212 3%13 Salmones Cupquelan S.A. 83,633 3%14 Salmones Aysen S.A. 77,141 2%15 Cultivos Yadran S.A. 73,521 2%

87%

Rapid development of M& A

Exporting ranking by company of 2014 Jan-Sep.

Main M&A in 20141. Mitsubishi(Humboldt)+Cermaq2. Marine Harvest+Acuinova3. Aquachile+Invertec

Reference: Infotrade.

ISA発生SRS大流行

Transition of Biomass of Chile by region in recent years

July/20071st outbreak of ISA in Chile

Peak in 2008-2009

Feburary/2010Earthquake in central

part of Chile

April/2013ISA oubreak again

ロスラゴス州（10州）

Aysen（Region Ⅺ）

Magallanes（RegionⅫ）

Los Lagos（RegionⅩ）

Transition of monthly mortality rate（2008-2013）

Coho Atlantic Trout

There is a tendency thatmortality rate increased

by biomass increase.

Reference:Sernapesca・Aquabench

April/2008Volcanic Eruption of Chaiten

ISA Outbreak SRS Outbreak

Main diseases of Salmon Farming

Body surface of dead fish by SRS(Salmon Rickettsia Syndrome)

Caligus on the body surface

Number of ISA outbreakNumber of site

After the outbreak of ISA positivity lot in April 2013 the measures were strengthened at an early stage.Compulsive harvest, restriction of Smoltintroduction, and inspection etc. are imposedto the applicable cages and sites. Outbreak of ISA has been tried to be controlled and decreased by Authority & Industry.

Issues we have to solve bycollective effort of industry.

Reference: Sernapesca.

Important factorsUS$/kg

US$/t

Reference: Customs clearance of Chile.

Reference:Infotrade.

Percentage of Fish meal and oil in feed has fallen by price increase, lack of supply.In early 1990s Fish meal was about 50%, Fish Oil was 20% in feed composition.But now Fish meal has decreased to the level of 10-20%, Fish to 10%. Vegetable protein &oil has increased as an alternative.

JAPAN & ASIA USA

BRASIL

RUSSIA

CHILE

SashimiKirimi

Sushi Restaurant in Brazil

Pilot Salmon Storein Castro ,

Chiloe island,Chile

Main customers(countries) for SA

Supermarket in Russia

Principal Customer in USA

Sashimi ready to eat

Sushi

Diversification on food cultureNot only for Japan, also for the world throughJapanese food(Washoku) like Sushi, Sashimi.

Who are “ Nissui” ?

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