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Trout Market Price, Size, Trends 2021, Growth and Share 2026
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Trout Market Price, Size, Trends 2021, Growth and Share 2026
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By Karen Peattie SALMON farmer Scottish Sea Farms has entered a share purchase agreement to acquire Grieg Seafood Hjaltland UK, which has operations on Shetland and the Isle of Skye, from Grieg Seafood ASA in a deal worth £164 million. The acquisition is a strategic move by Norwegian-owned Scottish Sea Farms to “to deliver optimal biological performance and help meet rising demand for premium quality, Scottish-grown salmon”. Grieg Seafood Hjaltland UK currently operates 21 marine farms, a freshwater hatchery and a processing facility, harvesting about 16,000 tonnes of Atlantic salmon in 2020. Scottish Sea Farms, which is co-owned by Lerøy Seafood Group and SalMar ASA, said the Grieg Seafood Hjaltland business complements the geography and nature of its own operations which are located across mainland Scotland, Shetland and Orkney. Last year, the business produced about 24,000 tonnes of Atlantic salmon.
Scottish Sea Farms buying Grieg Seafood s Shetland assets for GBP 164 million
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Lerøy Seafood Group ASA (LSG) saw its first-quarter 2021 revenues fall 7 percent year-on-year to NOK 4.9 billion (USD 587.7 million, EUR 482.2 million) and its operating profit before fair value adjustments drop by 44 percent to NOK 455 million (USD 54.6 million, EUR 44.8 million).
Explaining the drop in revenues, the Bergen, Norway-based seafood corporation said the global COVID-19 pandemic is having a negative impact on demand and has resulted in lower prices for both salmon and whitefish. Lerøy Seafood CEO Henning Beltestad said the trend seen in 2020, with a higher share of seafood sold through the retail channel, has continued in 2021. Also, while the price realization in the quarter is below the corresponding period of last year, Lerøy’s view is that the underlying demand for seafood is strong, he said.