Chilean Atlantic salmon production reached just over 362,000 metric tons in the first half of 2020, a 9% increase over the same period last year, according to analyst at market research firm Kontali. In March and April, Chilean farmers processed less than in the same months last year, while harvests in June were 21% higher than last year. Total exports of Atlantic salmon in the second quarter came in at 154,600 metric tons, marginally above last year, while the average price per kilo fell by 23% from a year earlier.
The U.S. Department of Agriculture’s Foreign Agricultural Service recently published a report forecasting and analyzing the production and trade of Chilean cherries in marketing year (MY) 2020/21. With respect to trade, Chilean cherry exports hit a record high in MY 2019/20, totaling 228,923 tons and $1.2 billion, year-on-year increases of 27.2% and 43%, respectively. However, the report anticipates further growth in MY 2020/21, with a predicted export volume of 259,000 tons, representing a 13% year-on-year increase.
Hot Chili may be onto another significant discovery, at the Cortadera North target zone, which could even be a twin to its Cortadera copper-gold porphyry system. The potential for a new discovery about 2km north of Cortadera, which shows a geochemical footprint of about 2km in length, comes just weeks ahead of the company’s plans to announce a maiden resource estimate for the Chilean project. The company is currently drilling at the copper-gold project, hunting down a possible additional high-grade core below the Cuerpo 2 deposit. Once that is finished, drilling will roll on to the Cortadera North prospect.
According to Avocados Australia, the first shipment of Chilean avocados has landed in Australia. John Tyas, chief executive of Avocados Australia, said imported avocados face tough competition from domestic supply but a down year may provide an opportunity. “The Australian Government determined the import conditions earlier this year for fresh avocados from Chile. So they are now legally able to be imported into Australia, as long as they meet our strict quarantine requirements,” Tyas said.
Codelco is moving forward with automation in an attempt to improve its productivity, which has led to union disputes over job cuts. Workers at Codelco said that they would take "action" against what they describe as threats to their jobs. The Federation of Copper Workers (FTC) indicated that it was open to talks and would seek an agreement with the company.