Bergen Norway-headquartered Grieg Seafood ASA saw much lower harvests in the first quarter compared to 2020, largely due to a big drop in its harvest from British Columbia, Canada.
Grieg Seafood ASA harvested approximately 13,600 metric tons (MT) of fish in the first quarter of this year, an over 25 percent decrease from the amount harvested in the corresponding period last year.
However, the harvest amounts don’t include volumes from Grieg’s Shetland operations which are up for sale, and which contributed 2,047 MT in Q1 2020.
According to the group’s latest trading update, the Norwegian farm sites of Rogaland and Finnmark harvested 5,300 MT and 7,400 MT, respectively, compared with 6,944 MT and 6,827 MT a year previously.
Its British Columbia operations, meanwhile, produced just 900 MT in the quarter, down from 2,544 MT in the corresponding period of last year.
The average farming cost for B.C. in the three-month period was CAD 8.90 (USD 7.13, EUR 5.93) per kilogram. For Rogaland and Finnmark, these amounted to NOK 42.50 (USD 5.12, EUR 4.26) and NOK 46.90 (USD 5.65, EUR 4.70) per kilogram, respectively.
Grieg’s complete Q1 2021 report will be released on 12 May.
Grieg harvested a total 71,142 MT of salmon in 2020. Its target for this year is 80,000 MT, with the longer-term aim to reach 130,000 MT by 2025.
Photo courtesy of Grieg Seafood ASA
