Iceland aquaculture income up 34 per cent

Iceland’s fish farmers are celebrating a significant cent increase in earnings, reflecting the increasing pace of the country’s aquaculture sector

Their operating income rose by 34 per cent in 2017 and comes on top of a sizeable rise in 2016, reports the government information organisation Statistics Iceland. It means that earnings have more than doubled in the past three years. Pre-tax profits are well up too, rising by 2.6 billion Iceland kroner, which compares with a loss of ISK 1.7 billion in 2016. The Icelandic government is expecting the exports of farmed salmon to increase this further, although sales of rainbow trout are likely to dip before picking up again. Iceland’s Progressive Party chairman, Sigurður Inga Jóhannsson, who is also the country’s transport minister, told a recent party conference that while it was important to protect Iceland’s wild salmon fishery, those areas of Iceland now looking to develop aquaculture should be given the opportunity to flourish.

- FISHupdate -

15. 1. 2019