SalMar delivered first-quarter 2026 harvest volumes 13% above Bloomberg consensus, according to Fearnley Securities’ weekly report.
The note cited the result as a standout item in its seafood coverage, listing it among the week’s key news highlights. No volume figure in tonnes was provided in the available source material.
Fearnley Securities separately noted Mowi as “positioned for a tight Q2,” suggesting expectations of constrained supply from the world’s largest salmon farmer in the coming quarter. No further detail on harvest guidance or pricing was included in the summary.
The Fearnley note was published against a backdrop of significant macroeconomic uncertainty. Oil prices swung sharply following the collapse of US-Iran talks and a subsequent disruption to shipping routes, with potential knock-on effects for energy costs and broader inflation.
US CPI for March came in at 3.3% year on year, below the 3.4% consensus but above February’s 2.4%, driven by energy markets. European inflation followed a similar trend.
SalMar’s full Q1 2026 results are expected to provide further detail on volumes, pricing and margins. Mowi’s Q2 guidance will also be closely watched given Fearnley’s signal of tightening supply conditions. Any escalation in the Strait of Hormuz situation could affect fuel and logistics costs across Norwegian export operations, according to Fearnley Securities’ High Yield Weekly report for Week 16, dated 13 April 2026.