Bakkafrost gives Q3 trading update; Scottish harvest volumes crash by 50%

The total harvest for the quarter stood at 20,800 metric tons.

Faroese salmon producing giant Bakkafrost issued a trading update on Tuesday for its Q3 2023 harvest volumes for operations in both the Faroe Islands and Scotland.

According to the preliminary report, the total harvest for the quarter stood at 20,800 metric tons, compared to 24,900 tons for the same period last year, a decline of 16 percent.

Breakdowns are as follows: Faroe Islands contributed 16,700 tons, with Farming North, West, and South yielding 12,000, 2,000, and 2,800 tons respectively.

In Scotland, the North and South regions reported harvests of 2,900 and 1,200 tons respectively. The trading update for the same period last year saw harvests of 3,000 tons and 5,100 tons for the same regions, meaning volumes have decreased by almost 50 percent.

Additionally, Bakkafrost reported Q3 feed sales totalling 35,900 metric tons. Havsbrún, the feed division of Bakkafrost, sourced 109,700 tons of raw materials during the same period.

The detailed Q3 2023 report is scheduled for release on 7 November 2023 at 06:00 CET.


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