Other markets affect Chile’s shipments to U.S. - The Packer

Other markets affect Chile’s shipments to U.S.

09/12/2013 11:01:00 AM
Jim Offner

Currency exchange also plays a role in how much goes in which direction, McDaniel said.

“That has had an effect in previous years, and I’m assuming that will continue to play a role in determining what is exported to the U.S. when you compare the U.S. dollar vs. the peso in the exchange rate,” he said.

The exchange rate likely won’t be a factor this year, McDaniel said.

The peso was trading at about 510 pesos to $1 as of Sept. 1. A year earlier, it was about 480 to 1.

“I’m not aware that that is a big issue at the moment,” McDaniel said.

European sales also have a say in how much Chilean volume makes its way to the U.S., and Europe will compete for that product this year, Ochagavía said.

“We are looking at the recuperation of the economies like the U.S. and Europe, so our expectation is that we will have a good demand from both,” he said.

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