Overcrowded tanks impacting average harvest weight says Atlantic Sapphire

Editorial Staff

Harvest for Q2 marks a slight increase from the 1,150 tons harvested in the first quarter.

Florida.-based land-based salmon farming company Atlantic Sapphire has reported a total harvest volume of approximately 1,245 tons HOG (head-on gutted) for the second quarter of 2024.

During the same period, the net biomass gain was around 1,550 tons live weight, compared to 1,200 tons in the first quarter. The standing biomass at the end of the second quarter was 2,930 tons live weight, up from 2,870 tons at the end of the first quarter.

“The biological development was positive in the second quarter, with stable water quality and temperatures. The realized average slaughter weight in the quarter was 1.55 kg HOG, with price realization similar to the last quarter. The average harvest weight and realized price were impacted by having too many fish in tanks relative to current feeding capacity. Several mitigating measures have been initiated,” the company wrote.

Last week, it was revealed that the company’s founders, Johan E. Andreassen and Bård-Vegard Løvik, sold their shares in Atlantic Sapphire, causing the stock to drop sharply when the market opened on Monday.

Atlantic Sapphire is set to release its full second-quarter financial results on Tuesday, August 20.


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