Salmon Evolution on course for strong 2024 harvest

Norwegian fish farmer Salmon Evolution is moving decisively toward a full year harvest target close to 5,000 tonnes, according to the company’s latest market update.

The company operates a land-based salmon farm, using a hybrid flow-through system, at Indre Harøy on the Norwegian coast.

Today, it reported a third quarter output of 680 tonnes (head on, gutted) taking the 2024 second half total to around 2,500 tonnes and the full year to approximately 5,000 tonnes.

Salmon Evolution said it had a had good biomass build-up during the quarter, with steady improvement in the daily growth rates and continued strong results on key parameters such as feed conversion ratio, mortality and superior grade share.

The company had good biomass buildup during the quarter, with steady improvement in daily growth rates and continued strong results on key parameters such as feed conversion ratio, mortality and superior grade share.

The report said the 680 tonne harvest had a superior grade share of 98%, and an all-in price realisation of NOK 72 per kg (£5.13).

The average weight of 3.3 kg was up by 10% from the second quarter this year. The standing biomass reached 2,582 tonnes by the end of last month.

“The biomass production is steadily improving at Indre Harøy, with a wide range of initiatives ongoing to take out the full growth potential”, CEO Trond Håkon Schaug-Pettersen said today.

He added: “The standing biomass is close to record levels going into Q4, which together with a further increase in expected harvest weights, makes us well positioned to capitalize on the expected price rebound.”

A few months ago Salmon Evolution signed a deal to start building the second phase of its Indre Harøy project.

Trond Håkon Schaug-Pettersen will be taking part in the next Aqua Agenda webinar, on Wednesday 16 October at 11.30am (UK time), on Land Based Strategy. To register for this free event click here.

Salmon Evolution’s Indre Harøy site, Phase 2