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Atlantic Sapphire made $11 per kilo for US-grown salmon

Atlantic Sapphire earned revenue of $11 per kilo of total harvest in the US. Photo: Atlantic Sapphire.
Atlantic Sapphire earned revenue of $11 per kilo of total harvest in the US. Photo: Atlantic Sapphire.

On-land salmon farmer Atlantic Sapphire – which farms in the United States and Denmark - earned revenue of US $11 (£7.99) per kilo of total harvest from its Florida facility in the second quarter of 2021 but did so on a modest volume of 300 tonnes HOG (head on gutted), it revealed in a market update today.

Revenue per kilo of total harvest in Denmark was DKK 38 (£4.39 / $6.05) on a harvest of 250 tonnes HOG.

In comparison, the Fish Pool commodity salmon price in Q2 was $7.6 per kilo, the company stated.

Risk mitigation

Atlantic Sapphire said that as described in a previous update, feeding was reduced in the US during Q2 2021 to focus on risk reduction and the implementation of risk mitigation measures.

Harvest volumes were also reduced during Q2 to optimise the harvestable biomass for 2021. The product quality and price achievement had improved, driven by higher harvest weights and fewer downgrades as a result of maturation.

In Denmark, the two lead batches that had negatively impacted biomass gain in the first half of 2021 had been harvested out as of June 30, Atlantic Sapphire said.

220,000-tonne ambition

The company has completed Phase 1 construction of its Bluehouse facility in Homestead, Florida, which provides the capacity to harvest approximately 10,000 tons (HOG) of salmon annually.

It has also secured US water permits to produce up to 90,000 tonnes onsite and has a targeted harvest volume in 2031 of 220,000 tonnes.

Atlantic Sapphire said it expects to release an update on its strategic approach for future expansions in the US beyond Phase 2 in the second half of 2021.