In another blow to the already burdened Chilean fish market, salmon have been dying off in droves after El Nino raised ocean temperatures to record highs, forcing a deadly algae bloom that led the fish farmers to a loss of over 100 tonnes of fish and $800 million in income. Further impact will be felt as the local economy slows and there is less work on the large fish farms, and further down in the chain of consumers, mostly grocery store chains and restaurants. Prices will rise as this nation's position as the 2nd largest exporter of Salmon is threatened. In an effort to reclaim some sales after a devastating loss, the fish that are unfit for human consumption are being turned into nutrient dense fish meal for pet consumption, which will likely lead to a glut in the open market and falling prices. The farmers will struggle to survive after this season, as they also continue to battle bacterial outbreaks as well and the subsequent loss from the American market, which has turned away from Chilean fish due to heavy use of antibiotics.
Salmon is one of the most commonly consumed fish. It is on the menu of almost every sit down restaurant, and has many types of ways to be bought (Canned, packaged, fresh). It is a world wide food choice. The death of the salmon in Chile will allow cheaper imported sources to go up in demand, and will allow more expensive exported sources to go down in demand.
Salmon fishing is an important trade in Chile. Not only does it provide food for the citizen's of Chile, but it also provides jobs. With so many salmon found dead, it could really hurt Chile's economy. Many people will be out of work for a while, and it may be difficult for them to find a sufficient replacement.
Chile is the second largest exporter of salmon and cod, only beaten by Norway. The death of Salmon in their borders will greatly harm their booming aquaculture sector. Unless they can compensate with the export of more petrol, fruit, auto or mineral products, their economy could suffer a major blow.