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Organic salmon market appears to be booming

Staff Writer | May 11, 2018
The market for organic salmon appears to be booming, as Marine Harvest Ireland reported its best ever first quarter.
organic salmon
Seafood   Record quarter for MH Ireland
The company’s Irish operations harvested 1,457 tonnes of organic salmon at an operational EBIT per kg of an all-time high of €1.48 per kg.

According to Marine Harvest Group’s Q1 report, the strong performance was explained by improved market conditions for organic salmon, reduced costs – which were down by 11 percent compared to Q1 2017 – and one-offs related to ova sales.

“It is very satisfactory that our organic farming operations in Marine Harvest Ireland have achieved record high first quarter results on strong demand and reduced costs,” says the group’s CEO, Alf-Helge Aarskog.

Looking elsewhere the company’s Norwegian operations achieved an operational EBIT per kilo of €2.26 (€2.52) in the first quarter, while salmon of Scottish and Canadian origin reported operational EBIT per kilo of €1.85 and €1.10 respectively (€3.12 and €3.42).

Salmon of Chilean origin reported operational EBIT per kilo of €1.36 in the quarter (€1.87).