Harvest volumes down 20% for 2023 says Bakkafrost Q4 update

Matthew Wilcox

Bakkafrost’s full Q4 2023 report will be released in February.

Faroese salmon producer Bakkafrost has reported its harvest volumes for the fourth quarter of 2023, with a combined output of 17,100 tons from its operations in the Faroe Islands and Scotland.

The company’s latest update, released on Saturday, revealed that the Faroe Islands contributed 16,000 tons in the quarter, while the Scottish segment added 1,100 tons, the result of a decision to delay harvesting in Scotland until 2024 to take advantage of better growing conditions.

Read more: Bakkafrost participates in first ever transatlantic flight powered entirely by eco-fuel

For the full year of 2023, Bakkafrost’s total harvest volume reached 73,000 tons, down from 91,000 tons for 2022, a 20% decrease.

The total harvest for Scotland for 2023 was 20,600 tons, down from 24,000 tons the previous year, 14% decrease in volumes.

The quarter also saw robust feed sales, totaling 39,400 tons. Havsbrún, a subsidiary of Bakkafrost focused on fish feed production, acquired 53,600 tons of raw materials during the period. The company sold a total of 127,800 tons of feed for 2023.

All reported harvest volumes are in head on gutted (HOG) equivalents.


Related Articles