Grieg harvested 21,000 tonnes in Q1

Canada and Norway salmon farmer Grieg Seafood harvested 5,200 gutted weight tonnes in Newfoundland in the first three months of this year, which meant the developing region contributed around a quarter of the company’s Q1 volume of 21,000 gwt.

Grieg has exclusive rights to farm in Placentia Bay, Newfoundland, where licence conditions stipulate that it must use sterile triploid fish to prevent introgression with wild stocks if farmed fish escape.

Grieg NL (Newfoundland and Labrador) carried out its first harvest in Q4 last year. Harvest volume was 3,184 gwt which was 1,800 tonnes below guidance due to harvesting being postponed until Q1 2024 due to weather conditions and positive market expectations.

In a trading update today, Grieg said it harvested harvested 9,400 gwt in Rogaland (central Norway) and 5,700 gwt in Finnmark (northern Norway) in Q1 2024.

The company harvested just 700 gwt in British Columbia, western Canada, in Q1. The broad distribution of Grieg’s BC sites means harvest volumes vary substantially year on year.

Grieg’s full Q1 2024 report will be released on Thursday, May 16.