Multiexport Drops Most in Five Months on Salmon Virus

Multiexport Foods SA, Chile’s largest publicly traded salmon farmer, fell the most in five months after a report showed an increase in salmon farms suspected of having the infectious salmon anemia virus.

Multiexport declined 7.2 percent to 195.03 pesos at 3:12 p.m. New York time, the steepest decline since Aug. 16.

“Rumors of ISA are affecting the stock,” Allan Becker, a trader at the brokerage unit of Corpbanca, said by telephone from Santiago.

Chile’s fishing regulator Sernapesca posted a document on its website dated Dec. 31 that shows the number of farms suspected of having the virus rose to 11 from 10 in a previous report dated Dec. 15. The number of farms confirmed to have the virus remained at one. The document was reported today by newspaper Estrategia.

Invertec Pesquera Mar de Chiloe SA, another salmon farmer, declined 2.2 percent to 268.9 pesos.

None of the plants suspected of having ISA are operated by Multiexport or Invertec.

Multiexport Chief Executive Officer Andres Lyon and Invertec CEO Andres Parodi weren’t available to comment, assistants said by telephone.

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.