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Last Trade - 07/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.53bn
Enterprise Value £3.80bn
Revenue £529.9m
Position in Universe 163rd / 1832

Forecaster Kontali cuts global 2018 salmon output growth to 4 pct

Thu 8th March, 2018 10:32am
OSLO, March 8 (Reuters) - 
    * Global salmon output is set to grow by 4 pct in 2018
compared to
a 5 pct estimate made in mid-February and an initial forecast of
7-8 pct seen 2-3 months ago, analyst Lars Daniel Garshol at
industry forecaster Kontali said on Thursday
    * The new forecasts were first released at a seafood
conference on
Wednesday afternoon
    * Output growth from the world's biggest producer, Norway,
was cut
to 6 percent from 7-8 percent, Garshol said
    * Output from Chile, the Faroe Islands and Scotland was also
cut
    * High output in recent months has resulted in lower growth
forecasts throughout the year
    * In Norway, cold sea temperatures in January and February,
which
are expected to continue in March and April, and somewhat higher
fish mortality rates in January, have contributed to the cut in
growth expectations
    * Still, overall 2018 supply growth could nevertheless hit 
7-8
percent, compared to an initiate forecast of 8-9 percent, as
frozen fish is sold from storage, he added
    * In recent weeks, salmon prices have risen on expectations
for
lower growth in supply
    * Leading producers in Norway include Marine
Harvest MHG.OL ,
Salmar  SALM.OL , Leroy Seafood  LSG.OL , Grieg Seafood
 GSFO.OL  and Norway Royal Salmon  NRSM.OL 
    * Big producers in Chile are Multiexport Foods  MUL.SN ,
Camanchaca  CMN.SN , Invermar  MAR.SN  and Australis Seafoods
 AUS.SN 


 (Reporting by Ole Petter Skonnord, editing by Terje Solsvik)
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;))
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