A Grieg salmon farm in British Columbia. Costs in the region rose by more than 20% in Q3 due to biological challenges.

Farming costs rise in Q3 for Grieg

Canada sees biggest increase due to biological challenges


Norwegian-owned salmon farmer Grieg Seafood harvested approximately 22,900 gutted weight tonnes of fish in Norway and Canada in the third quarter 2022, it said in a stock market update today.

Harvest volume by region was:

  • Rogaland: 6,800 gwt (Q3 2021: 6,282 gwt)
  • Finnmark: 8,200 gwt (9,908 gwt)
  • British Columbia (Canada): 7,900 gwt (4,289 gwt – harvests vary considerably year on year due to distribution of sites)

Average regional farming costs per kg for the quarter were approximately:

  • Rogaland: NOK 51.8
  • Finnmark: NOK 48.1
  • British Columbia: Can $10.1 (NOK 77.6 at today’s exchange rate)

The farming cost in BC, which was more than 20% higher than the cost of Can $7.9 per kilo achieved in Q2 2022, was impacted by biological challenges including seasonal algae incidents, said Grieg.

Farming costs in Rogaland and Finnmark also increased compared to Q2, when costs were NOK 46.7 and NOK 40.6 per kilo respectively.

Grieg’s full Q3 report will be released on Friday, November 11.