Bakkafrost Scotland harvest increased by 55% in second quarter
Salmon farmer is focused on first half of year to avoid biological problems
Salmon farmer Bakkafrost Scotland harvested 11,400 gutted weight tonnes of fish in the second quarter of this year, Faroese parent company Bakkafrost said in a trading update.
Bakkafrost Scotland’s Q2 harvest volume was 55% higher than the 7,343 gwt harvested in the same period last year, in line with its policy of harvesting 70-75% of its annual volume in the first half of the year to avoid environmental challenges that have been more prevalent in Q3. But it was a few hundred tonnes lower than the 12,189 gwt guided in Bakkafrost’s Q1 2024 presentation.
The Scottish operation harvested 7,263 gwt in Q1, 2024, taking its total harvest for the first half of this year to approximately 18,700 gwt. Bakkafrost has guided for a full year harvest volume of 25,000 gwt in Scotland.
Faroe Islands
Bakkafrost harvested 10,200 gwt in the Faroe Islands in Q2, up from 8,658 gwt in the same period last year. It harvested 14,294 gwt in the first quarter (Q1 2023: 11,005 gwt) and has guided for a full-year harvest of 66,000 gwt in the Faroes. The majority of Bakkafrost Faroes’ volume will be harvested in the second half of the year.
Bakkafrost’s feed subsidiary, Havsbrún, sold 32,900 tonnes in Q2, and sourced 90,600 tonnes of raw materials.
The fish farmer’s full Q2 2024 report will be released on August 26.
