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Cod Farming Taking Off

NORWAY - Norway has been experimenting with codfish farming since the 1980's, and now they're pulling out all stops.

Intrafish reports that last year, farmed cod production in Norway topped 13 million pounds, a figure that is projected to double this year.

In its move to become the world's farmed cod king, producers are gathering capital to expand quickly.

Grieg Company of Bergen last week generated $26 million in a first initial public stock offering (IPO) to back cod farming, Intrafish said.

Scotland is also experimenting with large scale organic cod farming.

Source: Laine Welch - SiteNews

Laine Welch has been covering news of Alaska's seafood industry since 1988. Her Fish Factor column appears weekly in over a dozen papers and websites. Her Fish Radio programs air on 27 stations across Alaska.