Trondheim, Norway-headquartered Norway Royal Salmon ASA (NRS) is expecting to see a significant increase in its salmon harvests by 2023.
NRS expects to harvest 35,000 metric tons (MT) of head-on-gutted salmon in Norway this year, and for that volume to increase by 15,000 MT to 50,000 MT in 2023.
According to the Atlantic salmon producer, three key factors will drive the estimated growth in its harvest volumes from this year to next: First, NRS expects there to be a normalization of the maximum allowed biomass (MAB) utilization as triploid salmon is phased out; second, the interregional MAB in NRS's three production areas will be implemented; and third, it will have access to more high-quality smolt from its new smolt facility and agreements to purchase post-smolt.
NRS also said its farming Iceland segment will harvest a total volume of 13,000 MT HOG both this year and in 2023, and that this is expected to rise to around 24,000 MT in 2025.
It said that further details will be given with its fourth-quarter 2021 results on 23 February, 2022.
Earlier inJanuary, it was confirmed that NRS and its NRS Farming AS arm have entered into a share-purchase agreement for NRS Farming to acquire 100 percent of the shares in salmon producer SalmoNor from Norwegian aquaculture group NTS ASA.
The transaction, which is conditional upon satisfactory due diligence, would create the world's sixth-largest salmon farmer, with potential to produce around 100,000 MT salmon in Norway and 24,000 MT in Iceland.
SalmoNor is a fully integrated salmon-farming company with an estimated harvest volume of 36,500 MT head-on gutted salmon in 2022 and 39,000 MT in 2023.
NRS has 36,085 MT of MAB in Norway’s Troms and Finnmark regions, and 17,800 MT MAB for salmon-farming and 5,300 MT MAB for trout-farming in Iceland through its subsidiary Arctic Fish. It also holds a minority interest in two associated Norwegian fish-farming companies that together own nine farming licenses.
Photo courtesy of Norway Royal Salmon
