Grieg issues Q3 harvest update; volumes down 47% year-on-year

Editorial Staff

Grieg’s overall harvest volumes for third quarter have fallen 47 percent year-on-year.

Norwegian salmon farming heavyweight, Grieg Seafood, reported a harvest volume of approximately 12,200 metric tons for the third quarter of 2023 in a trading update issued on Tuesday.

Harvest volumes for the same quarter 2022 were approximately 22,900 metric tons, meaning that harvest volumes have fallen 47 percent year-on-year.

The breakdown of harvest volume by region for the quarter is as follows:

  • Rogaland: 4,800 tons (-29%)
  • Finnmark: 1,300 tons (-84%)
  • British Columbia: 6,100 tons (-23%)

During the same quarter, average regional farming costs per kilogram (kg) were approximately as follows:

  • Rogaland: NOK 65.8 ($6.00)
  • Finnmark: NOK 83.8 ($7.64)
  • British Columbia: CAD 10.9 ($7.99)

Farming costs in Rogaland was influenced by factors such as ISA-related harvest and reduced survival rates in the quarter, according to the update.

In contrast, Finnmark had not planned to harvest during Q3 but prioritized early harvest to maintain fish welfare related to Spironucleus Salmonicida, a species of fish parasite. This early harvest approach, coupled with low harvest volume, had an impact on the region’s farming cost, reports the company.


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