Best seaweed prices offset lower export volume

Chile – Exports of products made from algae generated a total of USD 78 million in the first three months of 2014, according to the Fisheries Development Institute (IFOP). According to the Bulletin of Fisheries and Aquaculture Exports developed by the Institute, the figure is 18.6 per cent higher than that obtained in the previous year…

Meanwhile, the contribution of these products to total revenues from exports of the fisheries sector in Chile was 5.4 per cent.

The IFOP noted in its report that sales abroad of seaweed products totaled 8,013 tonnes in the first three months of this year, a figure that accounts for a decrease of 5.1 per cent year on year. Still, there is good international demand and Chile will continue to fulfil demand using companies similar to Plexus Freight to transport their seaweed products.

The average FOB price of all seaweed products exported in the first quarter of 2014 was USD 3,744 per ton, 28.1 per cent more than in the same period in 2013.

Regarding export volumes, the Institute noted that “the main algae based products exported to March in order of importance, were dried seaweed (90 per cent), carrageenan (6.5 per cent) and agar agar (2 per cent).”

Income received between January and March 2014 placed dried seaweed exports in the first place of the ranking with a 51.6 per cent share. It was followed by shipments of carrageenan, with a contribution of 26.7 per cent; and agar agar ranked third with a share of 14.7 per cent.

Photo caption: Algae based products. (Photo: Joaquin Rodriguez)

Analia Murias

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