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Last Trade - 07/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.68bn
Enterprise Value £3.93bn
Revenue £537.4m
Position in Universe 163rd / 1835

Forecaster Kontali predicts 3.5 pct salmon output growth in Norway in 2017

Fri 23rd September, 2016 1:32pm
OSLO, Sept 23 (Reuters) -  
    * Kontali Analyse expects Norwegian salmon output to rise 
3.5 percent year-on-year in 2017, managing director Ragnar 
Nystoeyl told Reuters on Friday. The previous prediction was for 
a 6 percent rise 
    * For the current year Kontali sees an output decline of 
3.5-4 percent vs 2015, which gives a total 2016 output in the 
range 1.18-1.19 million tonnes in Norway 
    * Globally, Kontali expects an output growth of just below 4 
pct in 2017, a slight downward adjustment from the previous 
prediction, after a drop of 7 pct in 2016 
    * Norway is the world's top salmon exporter with volumes 
more than double that of second-placed producer Chile 
    * Leading producers include Marine Harvest MHG.OL , Salmar 
 SALM.OL , Leroy Seafood LSG.OL , Grieg Seafood GSFO.OL  and 
Norway Royal Salmon NRSM.OL   
    * Lower output and strong demand drove salmon prices up to 
more than 80 crowns per kilo in July compared to an average 
export price of 42.87 crowns in 2015 
    * Increased supply to the market has in recent week resulted 
in a price drop to current levels around 53-54 crowns per kilo 
 urn:newsml:reuters.com:*:nL8N1BZ2W2 
    * The Norwegian Seafood Federation, which represents the 
interests of approximately 500 member companies in the fisheries 
industry, predicted earlier this week the industry will see flat 
year-on-year salmon output in Norway in 2017 after a 5-6 percent 
drop in 2016  urn:newsml:reuters.com:*:nL8N1BX3CY 
 
 
 (Reporting By Ole Petter Skonnord, editing by Terje Solsvik) 
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;)) 
 
Keywords: NORWAY SALMON/OUTPUT
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