W21: Salmon Update

Published May 30, 2023
W21: Salmon Update

In W21 in the salmon landscape, it was reported that the Scottish salmon exports to Asia doubled to USD 29M (GBP 24M) in Q1 2023 due to high demand from China, Taiwan, Singapore, and South Korea. European destinations remain the main international market for salmon, with North America and Asia accounting for nearly 50% of the sales. The rise in Spanish consumption of Asian dishes triggered the demand for salmon, a fish that has become a favorite among consumers. The sales of all fish from Norway to Spain grew from 85KT in 2019 to more than 115KT in 2022. In addition, the recommendations of the Finance Committee will be put to a vote by the Norwegian parliament on May 31, 2023. The Labour-Centre coalition has been negotiating with the Socialist Left (SV) to raise the ground rent tax and include cod farming companies in legislation. The main opposition parties have either walked out or refused to take part in talks. The government is open to negotiation if the other parties decide to return to the table. Further, Iceland Seafood International (ISI) reported a 23% increase in sales, but a net loss of USD 2.3M against USD 857K in Q1 2022. Prices increased due to import factors, mainly salmon, negatively impacted sales volume, leading to a slight growth in Euro terms. ISI put on hold the sale of its Grimsby production site due to a negative market trend. The Federal Environment Department has identified the salmon farming industry as a threat to the Maugean skate and is asking the Tasmanian Government to take "extreme intervention" to avert its extinction. Senator Peter Whish-Wilson believes the most important intervention is to end industrial salmon farming in Macquarie Harbour.

In Turkey, Trabzon Governor Ustaolu, Beşikdüzü District Governor Ferhat Vardar, Beşikdüzü Mayor Ramis Uzun, and Trabzon Agriculture and Forestry Provincial Director Cahit Gülbay visited a fish processing plant to learn about the processes of keeping, processing, and packaging Turkish Salmon. The production of 20KT of Turkish Salmon is targeted in 2023 with 15 aquaculture processing facilities with a storage capacity of 7T/year.

Lastly, the Tasmanian government has drawn up a long-term plan to restore public trust in the state's salmon farming industry. It aims to create a sustainable industry, healthy ecosystems, prosperous communities, and contemporary governance. It promises a revamped regulatory system and improved penalties for companies breaching regulations. Critics of the plan accuse the government of a "cynical public relations exercise".

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