In the first half of 2013, Faroese total exports reached DKK 2.5 billion (€355 million), of which 48 percent was farmed fish, said Teitur Samuelsen CFO of Bakkafrost, at the recent IntraFish Seafood Investment Forum in London.
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In the Faroe Islands, Bakkafrost holds half of the fish farming licenses, and the company reported revenues of DKK 741 million (€99.3 million) in the third quarter of 2013, Samuelsen said.
Producing just 1.8-1.9 million metric tons of salmon per year, Faroese salmon is an "exclusive" product, said Samuelsen, and goes to niche markets in the United States and Asia.
