Bakkafrost Q3 Results Disappoint, Citing Low Salmon Prices
Faroese salmon farmer Bakkafrost shared its Q3 financial results, and CEO Regin Jacobsen said it was “not satisfied” as low salmon prices impacted its performance.
Jacobsen said:
"We are not satisfied with our financial results this quarter, primarily impacted by low salmon prices. The strike in May combined with unplanned harvest of A-19 impacted negatively our ability to adapt to market needs to optimize market value for our products. The early harvest of remaining fish from farming site A-19, where the ISA virus was detected in two pens back in...
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