Archive for January 2022
Young’s Seafood returns to profitability
Young’s Seafood has returned to strong profitability under its new ownership, figures for its most recent financial period show. The UK’s largest seafood supplier and a major buyer of farmed salmon, but best known for its Gastro and Fish Shop brand, reports a pre-tax profit of £29.5m for the 53 week period ending 3 April…
Read MoreKingfish Company sales more than doubled in 2021
The Kingfish Company doubled its sales last year on the back of fast growing demand for Dutch yellowtail in both Europe and the United States, it announced today. Revenues totalled 10.4m euros against €5m in 2020 with sales in the final quarter of 2021 particularly encouraging at €3.8m. Production of yellowtail last year in the…
Read MoreSalMar and Lerøy report increased harvests for 2021
Leading salmon producers Lerøy and SalMar have each reported increased harvests for 2021, with year-on-year growth also in production for the fourth quarter. For 2021, Lerøy’s total farmed harvest was 186,600 tonnes (GWT), up around 9% on the previous year. Lerøy’s farmed output for Q4 was 51,300 tonnes, up around 6% on the previous year.…
Read MoreYoung’s relaunches campaign to promote seafood
Young’s Seafood is launching its Master of Fish campaign for the third year in succession. Following similar on-screen drives in 2020 and 2021, the initiative is designed to inspire people to cook and enjoy fish more often. The campaign features ordinary people who demonstrate how Young’s expertise helps them master different meal occasions, ranging from…
Read MoreNRS, Camanchaca publish Q4 harvest figures
Two major salmon players, Norway Royal Salmon and Chile’s Salmones Camanchaca have today published their fourth quarter trading updates. Norway Royal Salmon, which became part of the NTS group last summer, announced a Q4 total of 13,200 tonnes, of which 2,900 tonnes came from its Arctic Fish Iceland business. This makes a total of 46,600…
Read MoreKvarøy in deal with online retailer
Norwegian salmon farmer Kvarøy Arctic has struck a deal with US-based online food retailer Thrive Market. Kvarøy’s Atlantic salmon products will be available to order via Thrive. Thrive Market is an online membership-based market, delivering high quality, healthy and sustainable products at member-only prices. Kvarøy will be the only supplier of farmed Atlantic salmon on…
Read MoreExport record ‘may not deliver higher profits’
Higher export revenues do not always lead to correspondingly bigger profits, Renate Larsen, the CEO of the Norwegian Seafood Council has cautioned. The Seafood Council yesterday announced a new national export record of NOK 120.8 billion (£10bn) for 2021, a year in which Covid restrictions were still commonplace in many countries. But Larsen said people…
Read MoreNorwegian seafood exports hit new all-time record
Norwegian seafood exports hit a new record last year, earning the country’s fishermen and fish farmers revenue of NOK 120.8 billion (£10bn). At NOK 81.4 bn (£6.6bn), salmon accounted for around two-thirds of that total. In volume terms, Norway sold just over three million tonnes of seafood of all types, making fish its second largest…
Read MoreBakkafrost reports Scottish harvest for Q4 down by almost half
As expected, output from Bakkafrost’s Scottish operation was well down during the final three months of 2021. The Faroese fish farmer published its fourth quarter trading update today which shows a Scottish harvest of 5,100 tonnes, against 9,300 tonnes for the same period in 2020. The company warned a few weeks ago that serious gill…
Read MoreMowi UK chooses Maritech Eye quality scanner
Mowi Consumer Products in the UK has teamed up with the software technology company Maritech to help enhance the quality of its smoked salmon products. Using a device known as the Maritech “Eye” (pictured), the system was specially developed to scan defects at speed. The development work included Maritech, Mowi UK and the Norwegian research…
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