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BAKKAo - P/F Bakkafrost News Story

NOK731.2 0.0  0.0%

Last Trade - 07/05/21

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

UPDATE 1-Norway salmon industry predicts flat y-o-y output in 2017

Wed 21st September, 2016 2:44pm
(Adds comments from CEO in the Norwegian Seafood Federation) 
    Sept 21 (Reuters) -  
    * The Norwegian Seafood Federation hopes industry will 
achieve flat year-on-year salmon output in Norway in 2017 after 
5-6 percent drop in 2016 -head of aquaculture Jon Arne Groettum 
told Reuters  
    * Groettum: "We expect a decline in salmon production of 5-6 
pct in 2016 compared to 2015." 
    * "For 2017 it's difficult to predict but we hope we could 
achieve the same production as in 2016." 
    * "Our perspective is that the we had growth continuously 
since the start-up of the salmon industry in 1971 despite a lot 
of troubles, but since 2012 we've seen stagnation in output." 
    * The Norwegian Seafood Federation, which represents the 
interests of approximately 500 member companies in the fisheries 
industry, earlier on Wednesday asked the government to withdraw 
its new model for salmon output growth in Norway  L8N1BX3BP  
    * CEO Geir Ove Ystmark says if the new system is 
implemented, which is based on the level of sea lice in 
different production areas, the production could even decline in 
2017 compared to 2016 
    * Ystmark says output has leveled out in recent years, and 
is falling in 2016, and the new system could cause an 
accelerated decline 
    * 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  
 (Reporting by Ole Petter Skonnord, editing by Terje Solsvik) 
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