Harmful algal blooms, which made a significant dent in Norwegian salmon farmer Grieg Seafood’s third quarter results, continued to cast a long shadow on its British Columbia, Canada, operations in the fourth quarter of last year.
Though production volumes increased year on year, “quality downgrading” related to the blooms took a bite out of the region's earnings, forcing the group to write down NOK 15 million (€1.53 million/$1.73 million) for "extraordinary mortality."
The algal bloom from the previous quarters also impacted the fish survival rate, which dipped to 88 percent over the one-year period, and hit cost per kilogram both for the quarter and the year in total, Grieg said.
