Mowi Scotland revenues up, but profits down

Mowi Scotland has reported a 3.74% rise in turnover to £443.3m last year – but it also saw a large drop in profits. The latest accounts for the Scottish arm of the world’s largest farmed salmon producer for 2022 have just been published. The operating profit was £27m against £54m in 2021 and the profit…

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Iceland Minister allows more time over aquaculture reform plan

ICELAND’S Fisheries and Food Minister Svandís Svavarsdóttir has reacted to criticism that she has not given the country’s salmon farming industry enough time to study proposals in  the new aquaculture  bill. Originally she had said she wanted comments by January 3rd but has now extended the deadline by just seven days – until January 10th. The…

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Mount Fuji farmer raises additional £10 million

Proximar Seafood, the company behind the Mount Fuji, Japan, RAS Salmon farm project, has successfully raised a further NOK 140 million (almost £10.5m)  in fresh capital, an Oslo Stock Exchange announcement confirmed last night. The company said it was “pleased to announce that the board of directors of the company has conditionally allocated 70 million…

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Wild Atlantic salmon “facing major threat”

Climate change is threatening a growing number of species including the Atlantic salmon, warns an update to the World Conservation Union (IUCN) red list of threatened species. The information, released at the COP28 UN climate conference in the United Arab Emirates, also includes the first global freshwater fish assessment, and highlights the impact of illegal…

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SAIC set to fund seven more aquaculture projects

The Sustainable Aquaculture Innovation Centre (SAIC) is supporting further research into fish health and wellbeing initiatives in 2024, with seven successful projects set to benefit from its most recent funding call. With a combined total value of more than £860,000, the funded research and development (R&D) projects have secured over £300,000 from SAIC with additional…

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SEPA to go ahead with wild salmon protection zones

The Scottish Government is to press forward with the roll-out of “Wild Salmon Protection Zones” which will restrict fish farming in areas seen as high risk for wild salmon. The proposed regulatory framework has not, however, been welcomed by Scotland’s salmon industry. The Scottish Environment Protection Agency (SEPA) has been consulting on its plans for…

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Nova Austral unions in plea to Chilean government

Trade unions representing workers at the troubled Chilean salmon company Nova Austral have sent a message  to the government pleading not to let the business go under. Nova Austral, which farms in southern Chile, is said to owe more than US $500m (£409m). The company employs 800 people directly and supports some 2,000 indirect jobs.…

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Smoked salmon back on European menus, says Seafood Council

Smoked salmon is now making a comeback in many European markets after sales dropped off during the pandemic, says the Norwegian Seafood Council. With Christmas less than three weeks away the peak season for smoked salmon sales is now approaching, with Poland leading the way in that growth. Poland is Norway’s largest processing market for…

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800,000 wild fish killed by salmon delousing – claim

Tens of thousands of herring were killed in salmon delousing operations in British Columbia, Canada last year, it has been revealed. The information has been collected by the Canadian Department of Fisheries and Oceans which shows that around 817,000 wild fish – most of them herring – perished in operations in 2022 as the result…

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Anti-ageing supplement ‘could help salmon’

A diet supplement already consumed by humans for its anti-ageing benefits could be used to help salmon digest feed and improve their natural disease resistance, with feed trials kicking off next month. A team of aquaculture and veterinary experts are looking at the impact of adding spermidine – a compound found in vegetables, cereals and…

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