The European Commission has activated the EMFAF crisis mechanism, allowing Member States to compensate seafood operators facing higher costs and lost income.
Although it is three years late, it is estimated that it could provide a cash injection of between USD 116 million and USD 145 million for the Peruvian aquaculture industry.
Eleven salmon farms have been affected by harmful algal blooms in the Reloncaví Sound area, prompting Chilean authorities and the industry to reinforce preventative measures.
