Sales double for land-based yellowtail producer The Kingfish Company as farming costs slim down

Driven by continued strong demand land-based yellowtail kingfish producer The Kingfish Company more than doubled sales in the first quarter of 2022.

The company, with production in the Netherlands and a second farm being built in the United States, reported revenues rocketing 147 percent from €1.5 million ($1.6 million) to €3.7 million ($4 million) on the sale of 319 metric tons of fish, a 130 percent increase on the same period last year, and rising prices.

“We have come off to a good start of 2022, seeing demand for our fish continuing to outstrip capacity, productivity continuously improving, and with a five-year ESG linked financing arrangement in place we have secured funding to reach 3,500 tons of capacity in the Netherlands,” said CEO Ohad Maiman.