Increased salmon harvest at Bakkafrost in Q4

Published on
January 6, 2020

Bakkafrost Group’s salmon farms in the Faroe Islands harvested 18,000 metric tons (MT) of head-on gutted (HOG) weight fish in the fourth quarter of last year, an increase of 6,700 MT on the corresponding period of 2018.

According to the producer’s latest trading update, its farming operations in the west contributed 13,200 MT of salmon, with its sites in the south supplying the remaining volume. No fish was harvested at its farms in the north.

Bakkafrost’s total salmon harvest for 2019 in the Faroe Islands was 57,200 MT, up from 44,591 MT in 2018, while its new subsidiary in Scotland, The Scottish Salmon Company (SSC), harvested 33,800 MT.

Bakkafrost has upped its total ownership of the Edinburgh, Scotland-based company increased to 95.8 percent, following the settlement completion of the mandatory offer for the depository receipts and common shares in SSC not already owned by Bakkafrost, which expired on 17 December, 2019.

At the end of last year, Bakkafrost removed Craig Anderson as SSC CEO and replaced him with Odd Eliasen, the former managing director of Havsbrún, a separate part of the Bakkafrost Group.

Some 28,400 MT of feed was also sold by Bakkafrost in the final three months of last year, up from 28,400 MT in Q4 2018.

Photo courtesy of Bakkafrost

Contributing Editor reporting from London, UK

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