Salmon farmer Bakkafrost Group said its “One Company” strategy appears to be paying off as the company posted all-time-high Q4 and full-year revenue in 2022.
Bakkafrost posted all-time-high Q4 and full-year revenues in 2022 of DKK 1.9 billion (USD 272.9 million, EUR 255 million) and DKK 7.13 billion (USD 1 billion, EUR 956.8 million) respectively. These were alongside operational earnings before interest and taxes (EBIT) of DKK 376
… Read MoreMowi’s profit passes EUR 1 billion, but CEO Ivan Vindheim warns of salmon tax’s “irreparable damage”
It just posted its best set of financial results in its history, but Mowi remains concerned by what the future might bring in its native Norway.
In his presentation of the salmon-farming giant’s fourth-quarter 2022 results in Oslo, Norway, on 15 February, 2023, Mowi CEO Ivan Vindheim said the government’s controversial aquaculture resource tax proposal is “hanging over us all and casting a dark cloud over the prospects for the
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Delivering his company’s 2022 results on 16 January, Grieg Seafood CEO Andreas Kvame hailed 2022 as a “record-breaking year” for the company. Never before in its 30-year history had the Bergen-headquartered salmon producer “achieved a higher operational EBIT, seen a stronger market, or harvested higher volumes,” Kvame said.
However, the company chief also acknowledged “challenging biological conditions”
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With European consumers increasingly challenged by inflation and suffering from reduced purchasing power, just two-thirds of Norway’s farmed salmon exports went to the region in January 2023 – the lowest trade ratio it has posted in any month since 1989.
Consequently, Europe has lost its spot as the Scandinavian country’s top seafood export market, replaced by the United States, which posted a 59 percent upturn in its salmon
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With a plan to release around 100,000 juvenile lobsters annually, the new Whitby Lobster Hatchery, in North Yorkshire, U.K., is looking to use specially-tailored technologies to return a once thriving but now dilapidated fishery back to its former glory and boost local livelihoods in the process.
With degradation of the local marine environment significantly impacting the region’s European clawed lobster (Homarus gammarus) fishery, the
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When Russia first invaded Ukraine almost 12 months ago, the European Commission quickly provided appropriate measures and gave E.U. member-states new tools to mitigate the impacts of the conflict and the sanctions that were adopted across the bloc, according to the Market Advisory Council (MAC). However, E.U. member-states haven’t been as prompt in their implementations, it found in a newly-issued report.
Composed of organizations
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With the aim of supplying European consumers with larger volumes of sustainable, Latin American shrimp, Netherlands-based shrimp importer Klaas Puul and global aquafeed manufacturer Skretting have embarked on a supply chain collaboration that will not only provide local farmers with a new diet that utilizes novel ingredients, but which also has a major retailer onboard.
Skretting Ecuador, alongside alternative ingredient developers Protix and
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Farmed salmon is continuing to show its market resilience, and despite some easing of demand in Europe and the United States, prices will remain high in the first half of this year, albeit at lower levels than the peak seen in the corresponding period of 2022, according new analysis from the RaboResearch unit of Rabobank.
The bank’s report, “Global Aquaculture Update H1 2023,” compiled by Rabobank Senior Global Seafood
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Ensuring the long-term health and productivity of the world’s fisheries will require governments to both build up the stocks that fall short of their potential and to dispense with harmful subsidies that are providing a platform for unsustainable and illegal operations, according to a new report from the Organization for Economic Cooperation and Development (OECD).
Assessing the health and productivity of fish stocks and exploring how to
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Soaring production costs, declining exchange rates, and higher consumer and producer price indexes may force a reckoning when it comes to recent gains in global seafood consumption, according to Turenhout, a fisheries and trade expert with the Dutch Fish Federation (Visfederatie) and a member of the E.U. Fish Processors and Traders Association (AIPCE-CEP).
“Consumers have less to spend and that’s visible in the demand for seafood in
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