Chile's new salmon regulation seeking to improve profitability by reducing farming densities will be announced in the coming weeks, reports Diario Financiero.
As Undercurrent News first reported, Chilean authorities are working on a new proposal to regulate salmon farming densities but there is not yet a definite date for the announcement.
Chile's undersecretary of fisheries and aquaculture, Subpesca, said it was working on the new proposal in early December.
"I can only tell you that the efforts are to make it this year," a spokesperson of Subpesca said at the time.
However, according to local media reports, regulation over density cuts will be out in early 2016.
"I don't think we will see an imminent change in regulation," an industry source told Undercurrent in early December.
"However it is likely we will end up with an important density reduction, of about 20% to 30%, most likely through private initiative," he said