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Chile's second-largest salmon farmer, Multi X, quadrupled its third-quarter operating EBIT to $22.3 million. Higher achieved prices and lower costs drove the result, with Urner Barry FOB Miami benchmark prices up 21% year on year.
Chilean Atlantic salmon harvest volumes fell 2% from a year earlier.
Lower Chilean salmon output and firmer prices reflect tighter aquaculture supply, which is a niche factor for feed buyers. The effect on grain and feed-ingredient prices is negligible.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.