Posts by Vince McDonagh
Salmon Evolution on track for 5,000 tonnes
Norway’s young land based salmon farmer Salmon Evolution said it is on track to slaughter 5,000 tonnes this year – and is expecting even bigger things for 2025.
Read MoreCooke buys South American fishmeal and fish oil giant
The Cooke group has entered into a deal to buy the giant Peru-based fishmeal and fish oil company Pesquera Inca SAC (Copeinca), it has been announced.
Read MoreUS chef shortage may be boosting demand for salmon fillets
Is a shortage of restaurant staff in the United States leading to an increase in the export of salmon fillets from Norway?
This is one theory from the Norwegian Seafood Council in its October seafood export announcement yesterday.
Read MoreTrump re-election sparks fear among seafood exporters
Nervousness has set in among Norway’s salmon exporters following Donald Trump’s re-election as US president yesterday.
During the election campaign Trump promised to impose a 20% tariff on imports including seafood which is worth around £10bn a year to Norway – most of it in the form of salmon.
The United States is Norway’s largest single market for seafood. There are also similar fears among UK, Icelandic, Norwegian and Faroese seafood companies.
Read MoreMowi Scotland Q3 profits up by almost 40%
Mowi Scotland enjoyed one of its best periods for at least two years, with profits jumping by almost 40% between July and September this year.
The division, which has been battling biological issues over the past few quarters, produced an operational EBIT or profit of €12.7m (£10.6m) against €9.2m (£7.6m) a year ago.
Read MoreRecord Q3 revenues for salmon giant
Mowi generated record-high operating revenues of €1.44bn (£1.2bn) between July and September this year, the group’s Q3 results reveal today. This outstanding performance was translated into an operational profit or EBIT of €173m (£144m) .
Read MoreBakkafrost Q3 numbers hit by lower salmon prices, but Scotland improves
Bakkafrost today unveiled weaker than expected third quarter results. Meanwhile, the company’s Scottish arm continues to make a loss, but the latest figures show its recovery is continuing. CEO Regin Jacobsen said bluntly that he was not satisfied with the group’s results this quarter. The Faroese-owned salmon farmer announced a lower group EBIT or operational…
Read MoreBacterial kidney disease suspected at SalMar site
An outbreak of bacterial kidney disease (BKD) is suspected at a SalMar site in Norway, it has emerged.
According to the Norwegian Food Safety Authority, it may have occurred at a company location in Vestnes municipality where SalMar produces broodstock salmon.
Read MoreNew record set for Norwegian seafood exports
The Norwegian seafood sector produced its best ever export results last month – with salmon continuing to dominate and also netting the highest ever value.
The October total was NOK 18.5bn (£1.3bn) – 5% or NOK 914m (£64m) up on 12 months ago.
Read MoreNorway woos Saudi salmon buyers
A large group of Norwegian seafood exporters have just returned from a fact finding tour of Saudi Arabia, a country which is developing into a key market.
They were there to learn more about the country and its potential for Norwegian seafood – with salmon high on the list.
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