Ex­ports boost for Scot­tish Salmon Co

Fish Farmer - - United Kingdom News -

THE Scot­tish Salmon Com­pany re­ported a record third quar­ter, with £39 mil­lion in rev­enue (com­pared to £25.2 mil­lion in the same pe­riod last year), driven by con­tin­ued high prices and in­creased har­vest vol­ume of 6,781 tonnes (Q3 2016: 5,486 tonnes).

Ex­port sales ac­counted for 48 per cent of value in Q3 2017, com­pared to 42 per cent in Q3 2016, with ex­ports to North Amer­ica up by six per cent.

How­ever, costs per kg were im­pacted by mor­tal­i­ties and lower har­vest mean weights, as a re­sult of ac­cel­er­ated har­vest­ing due to bi­o­log­i­cal is­sues.

Higher costs from mor­tal­i­ties con­tinue into Q4 and may con­tinue to af­fect costs into 2018.

The com­pany said the fo­cus re­mains on the bi­ol­ogy of the salmon, and con­tin­ued use of the hy­dro­licer and fresh­wa­ter treat­ment tri­als have shown en­cour­ag­ing re­sults.

On­go­ing stock­ing of cleaner fish through­out all sites and fur­ther devel­op­ment of site spe­cific health plan­ning have con­trib­uted to im­proved man­age­ment of these is­sues.

Con­tin­ued strong de­mand and lim­ited glob-

al sup­ply growth paves the way for con­tin­ued firm prices through­out the re­main­der of 2017 and into 2018.

The Scot­tish Salmon Com­pany tar­get is to har­vest 25,000 tonnes in 2017 and guides on a har­vest vol­ume of 26,500 tonnes in 2018.

CEO Craig An­der­son said: ‘We re­main com­mit­ted to our long-term strat­egy to grow our

busi­ness and to pro­duce the finest Scot­tish salmon pro­duced in a sus­tain­able way.

‘Dur­ing the third quar­ter, we con­tin­ued to de­velop our op­er­a­tions, in­vest­ing in op­er­a­tional ef­fi­ciency and ca­pac­ity.

‘We con­tinue to pur­sue our am­bi­tions to drive ex­port growth and de­velop our pre­mium brands with a fo­cus on prove­nance.’

Above: The fo­cus re­mains on the bi­ol­ogy of the salmon

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