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BioMar increased sales 9 percent

Christian Fernsby ▼ | August 14, 2020
Aquafeed manufacturer BioMar increased sales 9 percent and revenues 7 percent compared to the second quarter of 2019.
Performance   BioMar
The growth was mainly delivered through its performance in the salmon markets, supported by the new salmon business in Australia, despite a challenging quarter in shrimp and marine finfish.

Topics: BioMar

The company’s shrimp feed business was challenged by the drop in Ecuadorian shrimp exports to China following coronavirus.

Meanwhile the Mediterranean markets were challenged by the closure of the HORECA sector in most European markets and travel restrictions affecting the tourist season, in addition to the storm Gloria in Spain destroying significant farming capacity.