Norwegian cod farming company Statt Torsk AS has increased production at its Rekvika grow-out site by 340,000 fingerlings this year.
In its latest filing with the Oslo Stock Exchange, Oslo Børs, Stad-headquartered Statt Torsk confirmed that a total of 1.19 million fingerlings have been put to sea in 2021, with the recent fingerling transfer adding to 230,000 juvenile cod in March and 620,000 in July.
Collectively, the transfers are expected to lead to a harvested volume of around 5,000 metric tons (MT) of Atlantic cod in 2023, which would represent an increase of about 1,200 MT from Statt Torsk’s previous plan.
The expected harvest volume for 2022 is unchanged at 3,000 MT whole-fish equivalent (WFE).
"We are pleased of the delivery of further 340,000 fingerlings. This will extend our sales period and harvest volume in 2023,” Statt Torsk COO Leif Ronny Rætta said. “We have good experience of and development on the fish we set out this summer. The extra fingerlings put to sea now are from the same group and generation that we set out earlier this year.”
Rekvika, the company’s second location, was installed this summer, and "is a perfect location for cod farming and we see the fish thriving," Rætta said.
Meanwhile, a new feed barge owned by Statt is being introduced, and will replace an existing rented barge.
In March this year, Statt Torsk raised NOK 115 million (USD 12.7 million, EUR 11.2 million) through a private placement. It was then admitted for trading on the Euronext Growth in April. Also in April, it signed a five-year marketing, sales, and distribution partnership agreement with Lerøy Seafood.
The company has an annual production target of 12,000 MT of WFE Atlantic cod by 2024.
In July 2021, it suffered a sudden mortality event at one of its facilities, with an estimated loss of 48,000 fish.
Photo courtesy of Statt Torsk
