A year of poor prices was exacerbated by an increase in production that shifted the distribution mix to high-freight-cost international markets for Australian salmon producer Huon in its 2021 financial year.

As a result, the group -- currently the focus of a takeover battle between Brazilian protein heavyweight JBS, Canadian salmon farmer Cooke Aquaculture and Australian agri-giant Tattarang -- reported a 65 percent fall in operating earnings before interest, tax, depreciation and amortization (EBITDA) for the 12 months ending June 30 to AUD 16.7