Nutreco-owned aqua feed giant Skretting announced plans to shut down its operations in the United Kingdom by April 2019 amid a salmon feed market oversupply.
“Unfortunately, we are experiencing unsustainable market conditions in the United Kingdom," Skretting said.
According to Therese Log-Bergjord, CEO of Skretting, a general overcapacity in the salmon feed sector in Northern Europe makes the market highly competitive for feed producers.
“We at Skretting want to remain competitive, and to do that we have to adjust our capacity," Log-Bergjord told IntraFish.
