Farmed Salmon Industry Booms Despite Concerns

EU - Processors are using more and more Norwegian and Chilean farmed salmon, as stocks of the wild version of the fish plunge worldwide.

Meanwhile the EU and US are looking to lower catches of wild salmon or possibly place restrictions on imports in order to curb a steep decline in stocks worldwide.

If adopted the policies could reduce the domestic supply and result in processors having to look more and more for imports from non-EU countries such as Chile.

Figures released by EuroFish indicate that markets in the EU, US and Japan will remain lucrative despite supply fears worldwide.

Norwegian and Chilean salmon producers have posted record profits for the first four months of 2006, setting a new market high for fresh and frozen farmed salmon.

Source: Food Production Daily