Fresh salmon prices hit record high

The export price of Norwegian fresh salmon hit a record high last week, the latest official figures show today. They rose by 9% to NOK 112.46 per kilo (£9.03) in week 8, says Statistics Norway which monitors prices on a weekly basis. This is NOK 4 per kilo more than the previous all-time high of…

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Gigha Halibut set to cease production

The producers of an award-winning halibut farm on the west coast of Scotland have said that the current stock will not be replenished once it has been harvested. Gigha Halibut, which was founded 15 years ago, gathered a number of celebrity commendations and awards, including retailer Waitrose’s “Made in Britain” award in 2009 and Best…

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Ice Fish Farm secures long term bank finance

Icelandic salmon farmer Ice Fish Farm has reached a long term agreement with four banks to secure a loan of €156.2m (£138m) to help take the business forward. The company is the main salmon farmer on Iceland’s east coast and the largest in the country in terms of licence potential. The new financing includes a…

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Development body highlights Blue Economy opportunities

Industries in the “Blue Economy” offer transformational economic opportunities for the Highlands and Islands of Scotland, according to a report published today. Aquaculture, along with marine environmental services and marine renewable energy, is highlighted as one of the key industries for the region in The Blue Economy in the Highlands and Islands, a study commissioned…

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Alltech, Finnforel buy Finnish aquafeed plant

International feed producer Alltech has teamed up with Finnish fish farmer Finnforel to buy the Raisioaqua fish feed production facility from Finnish company Raisio. The acquiring parties, which also include Finnish company Heinio, paid €7m (£6.1m) in the form of a share deal. Pekka Kuusniemi, CEO of Raisio, said: “Raisioaqua Ltd is the only Finnish…

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New fish carrier spearheading Bakkafrost Scotland’s fightback

Salmon producer Bakkafrost says the arrival of a new wellboat last year is playing a key role in helping it to get on top of biological problems in Scotland. While issues remain, the company is now confident that the Scotland recovery operation will meet with success. Bakkafrost said in its 2022 final quarter report that…

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ISI group posts loss in ‘challenging year’

Iceland Seafood International chief executive, Bjarni Ármannsson, has spoken of a challenging year for the company caused by cost inflation and the impact of war in the Ukraine. ISI’s portfolio includes extensive salmon interests in Spain and Ireland as well as its loss-making UK subsidiary, Grimsby-based Icelandic Seafood UK. ISI put up the latter up…

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Cod farmer Gadus changes name

The Gadus group, one of Norway’s up and coming cod farming companies, has changed its name. It is now called Ode, which it says reflects a new chapter and new direction for the business. The company, which operates from seven sites in Norway, said the ongoing aim is to develop innovative cod-related products for sale…

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Benchmark Genetics Iceland names new boss

Benchmark Genetics Iceland has named Vaki Aquaculture Systems’ Benedikt Hálfdanarson as its next General Manager. He takes up his new post on 1 March, replacing Jonas Jonasson who is stepping down as CEO. Jonasson will continue as the global Production Director for salmon in Benchmark Genetics, a role in which he has served since 2019.…

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Salmon Scotland renews call for action on housing

House prices in some remote parts of Scotland have surged at almost double the rate of the national average, and industry body Salmon Scotland has renewed its call for funds to be directed to rural areas to help fix the problem. Registers of Scotland data shows that while house prices across Scotland rose by 89%…

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