Bakkafrost hails ‘excellent’ Q4 results

THE Faroese salmon farming company Bakkafrost Group today announced a total operating profit (EBIT) of 331.2 million Danish kroners in the final quarter of 2017 – down from the corresponding 2016 quarter of DKK 349.6 million, mainly due to the fall in salmon prices. The Q4 harvested volumes totalled 11,5000 tonnes (12,900 tonnes in Q4 2016) gutted weight, while combined farming and VAP segments made…

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Arctic mission for UK Michelin chefs

A GROUP of top chefs from the UK with a total of 10 Michelin stars between them have just returned from a fact finding trip to northern Norway to look at skrei, the country\’s specialist variety of high quality cod. They all include skrei on their menus when the fish is in season, but went to…

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Best January yet for cod prices

COD, especially the fresh variety, was the main driver behind Norway\’s strong export showing in January, figures from the Norwegian Seafood Council show. The country sold 5,700 tonnes of fresh cod, including the high quality and seasonal skrei variety, last month to a value of NOK 232 million. Volumes were up by 1,500 tonnes or 37 per…

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King crab prices hit new high

SOARING demand from South Korea and North America has sent king crab prices to record levels over the past few weeks, Scandinavian shell fishermen and exporters are reporting. Three years ago prices were a steady 75 Norwegian kroners a kilo. But in the past week the crab prices had more than doubled, selling at NOK 190  a kilo. Some…

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White fish exports helped by steady price rise

EXPORTS of Norwegian white fish such as cod, haddock and saithe in 2017 hit a record for the fourth year in succession. The fleet earned 15 billion kroners (£1.36 billion) for the country\’s vessel owners, a rise of eight per cent or NOK 1.1 billion on 2016. The increase has primarily come from higher catches and a rise…

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MSP sends fish gift to Brexit minister

BREXIT secretary David Davis received a surprise present over the Christmas period from a Nationalist MSP to remind the minister of the importance of Scotland\’s seafood sector. The SNP’s Stewart Stevenson, who represents Peterhead, Scotland\’s largest fishing port, dispatched a Cullen skink soup to Whitehall to warn that the movement of fish and seafood products could be…

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