Alfesca is among Europe’s biggest buyers of salmon, purchasing around 23,000 tons of salmon annually. The fish are smoked and sold as processed products.
This is lucrative business as long as salmon prices are reasonably predictable. But if they rise too much, the processors take it on the chin.
Hard hit
“We took a hammering last year,” Antony Hovanessian, senior vice president of business development at Alfesca explained during Glitnir Securities’ seafood conference in Oslo in late March.
Hovanessian told IntraFish the company is seeking strategies that will make the company less exposed in the case salmon prices should swing towards new heights.
“We
