News
Oslo government cuts salmon tax rate to 35%
The Norwegian government today unveiled its new salmon ground rent tax plans, lowering the rate from the original 40% to 35%. Prime Minister Jonas Gahr Støre and Finance Minister Trygve Vedum announced their proposals at a special press briefing this morning and said they will be presented to King Harald V in cabinet later today.…
Read MoreIceland aquaculture exports hit new record in 2022
Iceland’s aquaculture-related exports totalled a record 49 billion kroner (£287m) last year, according to the latest official figures. This represents a 39% increase on 2021, according to Statistics Iceland. As with Norway, salmon is by far the biggest earner with higher prices driving up the figures. The volume increase at 11% was somewhat lower than…
Read MoreASC’s Australian awards celebrate sustainable seafood
Pacific Reef Tigers, a prawn farm near Ayr in north Queensland, has been named as Best Responsible Producer in the Aquaculture Stewardship Council’s annual Sustainable Seafood Awards in Australia. The company was praised for its innovative water quality control system that cleans wastewater to a level where it can be reused, reducing nutrient pollution to…
Read MoreGigante Salmon opens £16m construction loan facility
Land-based fish farmer Gigante Salmon has said in a Stock Exchange announcement that it has started drawing on a NOK 204m (£16m) construction loan facility. The move means the company is on track to start production later this year. The loan was approved by the Sparebank 1 Nord-Norge in February 2021 and guaranteed by Eksfin,…
Read MoreNorway’s Conservatives pledge to scrap salmon tax
Norway’s Conservative party has said it will scrap the “salmon tax” if re-elected in 2025. The party’s leadership has also hinted that European Union membership could be on the agenda again. At the party’s annual conference at the weekend, senior officials said the ground rent tax, also known as a the “salmon tax” should be…
Read MoreAquaFuture Spain offers even more technical content
The conference element in AquaFuture Spain, Spain’s leading aquaculture trade show, has been expanded for this year’s edition, with more discussion sessions involving 60 industry experts. AquaFuture Spain ’23 takes place over 28-30 March at the International Feira Campus of Galicia ABANCA in Santiago de Compostela. In addition to its large exhibition area, it will…
Read MoreSalmon Scotland in plea to think again on HPMAs
The Chief Executive of trade body Salmon Scotland has written to all three candidates in the Scottish National Party’s leadership election, to call for a rethink on proposals to ban all commercial activity in 10% of Scotland’s coastal waters. Humza Yousaf, Kate Forbes and Ash Regan are contesting the SNP leadership following the resignation of…
Read MoreOslo will bend on tax, Mowi boss tells CNN
Mowi CEO Ivan Vindheim took to the international airwaves to denounce Norway’s controversial salmon tax plan, with an appearance on the CNN television news channel this week. Speaking after the company’s annual report on Wednesday, he told viewers on the programme “Quest Means Business” that the announcement by the Norwegian government on 28 September last year…
Read MoreSalmon prices keep rolling upwards
There appears to be no end to the phenomenal rise in Norwegian fresh salmon prices, according to the latest data. After a brief lull last week (week 10) when they slipped back for the first time in six weeks they have now hit a further new record with an average price of NOK 122.88 (£9.57)…
Read MoreFish health challenges hit Mowi’s Scottish operation
Mowi’s Scotland business endured a challenging year in 2022, the company has disclosed in its annual report published today. The problems mainly centred around poor production and high mortality on stocks grown from externally sourced eggs, in addition to issues with micro-jellyfish bloom and SRS (Salmon Rickettsial Syndrome) following the warmest summer on record in…
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