Jason Holland

Bakkafrost Group’s first-quarter 2023 salmon harvest in Scotland more than doubled its year-over-year production, guiding the company to its highest Q1 revenue ever of DKK 2.05 billion (USD 301.9 million, EUR 275.3 million).

Bakkafrost harvested 8,093 metric tons (MT) of gutted-weight salmon in Scotland in Q1 2023, up from 3,973 MT in Q1 2022, leading it to post 25 percent higher revenue in the quarter and its second-best-ever operational

There are good reasons for Europe’s aquaculture industry to be optimistic about its future, but it must overcome some weighty negative public perceptions, the members of a special conference session organized by the European Market Observatory for Fisheries and Aquaculture (EUMOFA) at the 2023 Seafood Expo Global agreed.

European Commission (DG MARE) Policy Officer Laurène Jolly said the European Union’s latest figures put

It has been a difficult time for most factions of the United Kingdom’s seafood economy, as rising costs and inflation, alongside shrinking consumer wallets, have continued to impact sales, with the volume and value of fish sliding in retail channels. 

Although these challenges are likely to persist at least through 2023, seafood and other sectors can experience some relief with the announcement of new trade deals, including the

The Irish seafood industry saw a boost to its value in 2022, largely driven by an increase in domestic consumption of seafood within foodservice channels and higher prices for products.

The GDP of the Irish seafood industry increased 4 percent to EUR 1.3 billion (USD 1.4 billion) last year, according to the latest Bord Iascaigh Mhara (BIM) “Business of Seafood” report. Launched by Ireland’s Minister for Agriculture, Food and

The years that have followed Lerøy Seafood Group’s 2017 acquisition of fishing company Havfisk and whitefish processor and distributor Norway Seafood in 2017 have been “interesting” and “a little bit more challenging” than Lerøy CEO Henning Beltestad thought they would be at the outset, but he said at the 2023 North Atlantic Seafood Forum (NASF) the journey has been “fantastic” and there

Marel Fish Executive Vice President Ólafur Karl Sigurðarson said new industry 4.0 technologies offer the means for seafood processors and the wider value chain to meet rising standards from consumers and are giving seafood companies better opportunities to adapt and grow.

Speaking at the 2023 North Atlantic Seafood Forum, Sigurðarson said the speed of innovation in the processing sector has never been faster and the seafood

Despite inflation, raw material prices, logistics costs, and other inputs all increasing significantly in 2022, the aquaculture feed industry increased its production at between 2 and 3 percent in all key supply regions. This was also achieved despite a slight decrease in the year’s total animal feed supply at less than 1.27 billion metric tons (MT), according to Norwegian independent commodity broker Holtermann.

While these financial

Europe is proving an increasingly challenging market for Atlantic salmon, particularly in retail channels, according to Milarex CEO Thomas Farstad. Established in 2016, the Oslo, Norway-headquartered salmon-processing company is selling about 100 million consumer packs of products per year into 22 international markets.

While the salmon category has seen some value growth in a few European markets, its overall retail value across the region was