Self-imposed restrictions limiting Norway’s aquaculture growth, Skretting CEO says

Salmon

Seafood

Published Mar 18, 2024

Tridge summary

Therese Log Bergjord, CEO of Skretting, has urged the removal of self-imposed restrictions on marine ingredient replacements to manage the escalating cost of salmon feed in Norway. She noted that feed costs have surged by 80% in the last ten years, partly due to the devaluation of the Norwegian kroner. Bergjord encouraged the industry to leverage technology and science to lessen the growing strain on nature and decrease reliance on traditional fishmeal.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Norwegian salmon feed prices have exploded over the past decade, and if the problem has any chance of abating, self-imposed restrictions around marine ingredient replacements need to be removed, according to Skretting CEO Therese Log Bergjord.Speaking at the North Atlantic Seafood Forum (NASF) 2024 in Bergen, Norway, Bergjord urged the entire supply chain to work together to “break the curve” and take action to both control unchecked price increases and reduce the industry’s dependency on traditional fishmeal.Norway’s feed costs have risen 80 percent over the past decade, which is partly attributable to currency factors, Bergjord said, such as the weakening of the Norwegian kroner. What makes that a difficult pill to swallow – especially for Bergjord, as salmon farming comprises around 35 percent of her business – is the fact that there are limitations placed on alternative ingredients, such as hesitation related to justifying their use in supply chains.“Our, to a large degree, ...

Source: Seafoodsource