Archive for May 2020
Iceland wild salmon threat \’negligible\’
PLANS to breed up to 10,000 tonnes of salmon on Iceland’s west coast would have an ‘insignificant’ impact on wild salmon or general marine life, an official report has concluded. The findings will be seen as a boost for the country’s growing aquaculture sector and a strong riposte to its environmental lobby which frequently opposes…
Read MoreM & S support for Scottish salmon farmers
TOP UK retailer Marks & Spencer has publicly pledged its support for Scotland’s salmon farmers. In a Covid crisis message to tens of thousands of on-line customers, titled \’See How We Support Our Salmon Farmers\’, the company said that message was now more important than ever, adding that its salmon was always 100 per cent…
Read MoreSSPO calls on governments to support market access
The Scottish salmon sector is calling on the UK and Scottish Governments to support market access following a significant downturn in export sales through the first quarter of this year. New figures published by HMRC show that both volume and values of Scottish salmon exports during the first quarter of 2020 fell by 40 per…
Read MoreLeroy sees Q1 profits increase
LERØY Seafood, co-owners of Scottish Sea Farms operations, today reported a substantial increase in revenues and operational profits for the first quarter of this year. Income was up from 4,746 million kroner (£381-million) in Q1 2019 to NOK 5,305 million (£426m)million this time, while the operating profit before fair value adjustment related to biological assets…
Read MoreNorway salmon farmers facing new tax hit
NORWAY’S fish farmers are facing the prospect of a new production tax from next year. The government has announced proposals for a tax of NOK O.40 (40 øre or cents) per kilogramme on salmon, trout and rainbow trout which is expected to produce revenues of NOK 500 million for local and regional municipalities, mostly in…
Read MoreEXCLUSIVE: Public attitudes to fish farms revealed in private poll
In a private opinion poll commissioned by the Scottish Salmon Producers Organisation (SSPO) the Scottish public have given a tentative \’thumbs up\’ to the fish farming industry. That is the stand out finding from the results of the polling exclusively released to Fish Farmer Magazine and published in our newly released May 2020 issue. The…
Read MoreBiology blights Mowi Scotland results
CONTINUING challenging biological issues was the main factor which led to a large drop in operational EBIT or profits at Mowi’s Scottish operations during the first three months of this year, the group’s Q1 results show. The Scottish operational EBIT was 5.7 million euros compared with €35.8 million 12 months ago, and the equivalent of…
Read MoreTrump orders major US fish farm expansion
PRESIDENT Donald Trump has ordered a major push on the growth of fish farming in the United States. The coronavirus pandemic has badly hit the country’s conventional fishing activities and he sees aquaculture as one of the best means of protecting the nation’s future seafood supply chain and overall food security. Trump has signed an…
Read MoreRoyal still flush in Q1 results
COVID 19 has so far failed to take a toll on the first quarter financial performance of Norway Royal Salmon (NRS), one of the world’s major fish farmers. The company today reported that its EBIT or operating profit had more than halved to 75 million kroner (£5.9 million), thought to be due to higher costs..…
Read MoreAll aboard the \’Salmon Express\’
THE train has started to take the strain in moving salmon and other seafood from Norway into key European markets. A new direct service opened up this weekend from the northern port of Narvik to the southern Swedish city of Malmo where the fish is loaded onto refrigerated lorries for onward distribution to processing facilities…
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