Bakkafrost raises 2019 salmon harvest forecast

Published on
January 3, 2019

Bakkafrost Group has increased its salmon harvest guidance for this year by 1,500 metric tons (MT) to 54,500 MT gutted weight.

According to the Faroese producer’s latest trading update, it harvested 12,300 MT of fish in the fourth quarter of 2018, up from 11,400 MT in the corresponding period of the previous year. Of this, the company’s farming operations in the north contributed 4,000 MT, with its farms in the west supplying the remaining volume. However, Bakkafrost produced less salmon in the fourth quarter than previously planned – it had forecast it would produce 13,600 MT of salmon in the fourth quarter.

Bakkafrost also sold 24,700 MT of feed in the final three months of last year, up from 19,000 MT in Q4 2017. 

The publicly-traded company will release its full Q4 2018 financial report in February 2019. Its stock price closed on 2 January at NOK 429.80 (USD 49.30, EUR 43.37).

Lower salmon volumes and a problem with poisonous algae contributed to mixed third-quarter results for Bakkafrost in 2018.

Photo courtesy of Bakkafrost

Contributing Editor reporting from London, UK

Want seafood news sent to your inbox?

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500