Marine Harvest sees demand and disease boosting salmon prices
World’s biggest fish farmer reports record quarterly profit
Oslo - Fish diseases and strong demand are likely to limit salmon supplies and support prices into 2019, the world’s biggest fish farmer Marine Harvest says, as it reported a record quarterly profit. The Norwegian company, which has production in Chile, Scotland, Ireland, the Faroe Islands, Iceland and Canada as well as Norway, said it expected global salmon supplies to rise 4% to 5% in 2018 against 5% to 7% previously. It sees supplies in 2019 increasing 1% to 6% . “Our growth numbers for the industry are a little bit lower than Kontali’s [a leading Norwegian researcher]. Why? We are looking at the biological issues we are facing, so we expect modest growth in Norway,” chief financial officer Ivan Vindheim said at the third-quarter results presentation. Sea lice levels have risen in Norway in the second half of 2018, leading to earlier harvesting, lower weight of the fish and higher mortality rate. Marine Harvest now expects Norway, which produces about half of the world’s salmon, ...
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