Trondheim, Norway-headquartered salmon-farming companies Måsøval AS and Norway Royal Salmon (NRS) are the latest aquaculture companies to cancel planned acquisitions of additional production capacity following the Norwegian government's proposal introducing an additional 40 percent resource tax on salmon farmers.
Additionally, NRS has notified Oslo Børs that it has taken longer than expected to obtain the… Read More
Norway exported NOK 109 billion (USD 10.3 billion, EUR 10.5 billion) worth of fisheries and aquaculture products to overseas markets in the first nine months of 2022, up 29 percent by value, or NOK 24.3 billion (USD 2.3 billion, EUR 2.3 billion) compared with the corresponding period of 2021.
Norway Fisheries and Oceans Minister Bjørnar Skjæran said the record-breaking value confirmed the seafood industry's position as the country's… Read More
Lerøy Seafood Group (LSG) harvested 56,200 metric tons (MT) of gutted-weight farmed Atlantic salmon and trout in the third quarter of 2023, representing a year-on-year decrease of 200 MT.
According to the Bergen, Norway-headquartered aquaculture and fishing company’s latest trading update, the volume produced at the Lerøy Aurora sites in the quarter matched that of Q3 2021 at 15,700 MT. Lerøy Sjøtroll’s… Read More
Following on from its announcement on 3 October that it would freeze its investments in Norway if the country’s government introduces a new 40 percent resource rent tax on aquaculture, Oslo-based salmon producer Cermaq has terminated its purchase of 689 metric tons (MT) of maximum allowed biomass (MAB).
Cermaq Chief Sustainability Officer Lars Galtung said the proposed resource rent tax on salmon farming had created considerable… Read More
The farmed salmon produced in Scotland last year was worth GBP 760 million (USD 865.5 million, EUR 872.2 million) to the country’s economy, a new industry study has found.
Trade body Salmon Scotland’s latest report determined the sector’s economic contribution grew by almost 20 percent in 2021 when compared to pre-COVID 2019 ...
Photo courtesy of… Read More
Norwegian salmon producers Cermaq and Nordlaks plan to freeze future investments in Norway if the country introduces a proposed 40 percent resource rent tax on salmonid farming.
Cermaq has invested more than NOK 5 billion (USD 460.9 million, EUR 471.8 million) in the two farming regions Nordland and Finnmark since 2016, and according to a press release, the company’s intention was to invest a similar amount in the coming… Read More
Norwegian salmon producers Lerøy Seafood Group and Mowi have both canceled planned acquisitions of additional maximum allowable biomass (MAB) under Norway’s so-called “traffic-light system” of permitting in response to the government’s proposal to introduce a new 40 percent resource rent tax on salmonid farming.
On 3 October, Lerøy announced that it would not proceed with the 614-metric-ton (MT) MAB that it… Read More
Glyvrar, Faroe Islands-based Atlantic salmon farmer Bakkafrost Group harvested a total 24,900 metric tons (MT) of head-on gutted (HOG) weight fish in the third quarter of this year, with increased volumes for the period from both its Faroese and Scottish operations.
Bakkafrost’s Faroese operations harvested a total 16,800 MT of salmon in the quarter, which represented an increase of 1,900 MT from the corresponding period of 2021… Read More
To help support the United Kingdom’s aquaculture sector, the Centre for Innovation Excellence in Livestock has launched a new seed funding opportunity.
CIEL, which is one of the United Kingdom’s four agri-tech centers established as part of the government’s agri-tech strategy, recently expanded its remit to include research and innovation in aquaculture.
Businesses have until 3 October, 2022, to apply for a share of GBP 100,000… Read More
COVID-related supply chain disruptions and the United Kingdom’s departure from the European Union led member-states to become more dependent on products from third countries to meet the market’s demand for seafood in 2021, finds the new “Finfish Study 2022,” compiled by the E.U. Fish Processors and Traders Association (AIPCE-CEP).
The association’s analysis also determines that the trend has continued into 2022,… Read More