Salmon Production Issues, High Costs Plague Grieg Seafood's Q2 Performance
SEAFOODNEWS.COM [SeafoodNews] July 15, 2015
Norwegian salmon producer Grieg Seafood posted lower harvest volumes and earnings at its farm sites in Norway, Canada and Scotland during the second quarter.
Greig's Norwegian farm sites in Rogaland and Finnmark posted harvest volumes at 6,956 and 1,290 tons respectively. Total earnings from the Rogaland operation were NOK21.8 million (US$2.68 million) with site’s harvest impacted by disease, which forced Grieg to reject some fish harvest the operation. The Finnmark operation posted a loss of NOK4.7 million ($580,000) from the low amount of harvested fish and high cost production at the site...
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