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Weekly Overview: Strong Norwegian Salmon Prices Deliver Good Q2 Results

27 August 2013

ANALYSIS - Strong Norwegian salmon prices in the second quarter (Q2) of 2013 have led to increased profits for salmon farming companies in the country.

Marine Harvest reported it had its best Q2 in history, with an operational EBIT of NOK 901 million, compared to NOK 231 million in the corresponding quarter of 2012.

"I am very encouraged by the strong market outlook in Europe, with future prices of NOK 34 for the remaining part of 2013 and NOK 35 in 2014. Marine Harvest is well positioned to take advantage of this as the majority of our volume will be originating in Europe," said Marine Harvest CEO, Alf-Helge Aarskog. 

Cermaq reported an EBIT pre fair value for Q2 2013 of NOK 229 million compared to NOK 60 million in Q2 2012. 

Despite a reduction in sales, Morpol also saw a rise in earnings. Operating revenue from salmon farming in Q2 2013 was €42.7 million (€37.1 million in same period last year). 

A new EU funded project is looking at the sustainability of Asian aquatic food chains. The project - Sustainable Trade in Ethical Aquaculture (SEAT) - has so far developed a comprehensive picture of the value chains for tilapia, pangasius, shrimps and prawns, which end up in EU shops and restaurants.

Bringing together European and Asian researchers as well as small business stakeholders from Bangladesh, China, Thailand and Viet Nam,  the project has helped to identify parts of the chain that are problematic and, therefore, areas that could be more sustainable. 

In disease news, Swedish authorities have investigated a potentially new and emerging parasitic disease of rainbow trout farmed in freshwater. 

Clinical signs which may be indicative of the disease include increased mortality, a black discolouration to the posterior section of the body and swelling over the dorsal surface of the head area (the cranium). 

TheFishSite News Desk



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