Nordic Aqua reporting high quality from new China farm

Nordic-Aqua-Partners-Ningbo-illustration-v5oupgka

Nordic Aqua Partners, the Norwegian company developing a new land-based salmon farm in China, has announced a first operational harvest of 523 tonnes.

CEO Ragnar Joensen said: “We are pleased about the highly sustainable biology, the low mortality and the large share of superior quality. The production in the quarter was good, however somewhat affected by starving and handling related to harvesting.”

The most productive month was June when 345 tonnes was slaughtered.

The company said the average weight was 4.54 per kilo HOG (head on, gutted) with 99% of the harvest volume classified as superior quality salmon.

Nordic Aqua is actively focusing on building market distribution and brand exposure in the current phase. It is particularly prioritising the establishment and development of lasting customer relationships in important premium segments, in order to optimise the value achievement of its premium product, Nordic PureAtlantic.

Based on volumes in the second quarter as well as current harvest data and harvest plan, it expects to harvest 2,800-3,000 tonnes HOG this year.

This will mean a volume of between 2,300 and 2,500 tonnes in the second half of 2024, which is somewhat higher than what the company describes as “the annual normalised capacity” of 4,000 tonnes for Stage 1.

Located in Ningbo, China. Nordic Aqua describes itself as the first local producer of truly sustainable and super-fresh Atlantic salmon to the Chinese market.

A full review of the first operational quarter, biology, market development and the financials will be unveiled in the second quarter presentation which will take place on Thursday 22 August.

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