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VIDEO: Selonda CEO says bass, bream outlook is bright despite oversupply

Greek sea bass and sea bream farmer tells IntraFish that long-term, the industry has a good future.

Despite “very challenging pricing” and oversupply, especially on sea bream, Selonda is looking ahead at a “very bright” future, CEO Mihalis Panagis told IntraFish.

“I’m very optimistic,” he said. “We’re increasingly penetrating the European and North American markets. But I do wish for a more balanced demand and supply picture.”

After integrating Dias into Selonda in 2016, the group now has production volumes of more than 31,000 metric tons -- making it one of the largest producers in Greece.

Sales grew double-digit last year, he said, “despite the contraction on sales prices."

The focus now will be on new species, such as red bream, adding value to its products through skin-packs and MAP, as well as a renewed focus on the North American market.

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This story was first published in our Brussels Show 2017 blog. Click here to see the full IntraFish coverage from the event.

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