Increased harvest of Bakkafrost

Faroese salmon farmer Bakkafrost harvested 13,700 metric tons in the first quarter of 2019 — slightly above a forecast of 12,500t made by analysts with SpareBank 1 Markets.

6,700t came from its northern region, 7,000t from the western area.

Compared to last year the firm has harvested 12% more than in Q1/Q4 2018 (both at 12,200t), SpareBank noted. “The slightly higher volume is probably related to some volume from Q4 was pushed into Q1, from a price realization perspective this has been positive.”

The bank observed that Bakkafrost does not give guidance on a quarterly basis, so it is hard to tell if the higher volumes are related to good production, or just volumes being moved between the quarters.

“We know harvest weights first weeks of 2019 have been much better than in 2018, but it is early to say if this will have an impact on total harvest volumes in 2019 for Bakkafrost.”

 

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