Bakkafrost: US salmon market growing, eastern Europe suffering

The United States is becoming an increasingly important salmon market for Faroese salmon farmer Bakkafrost, Regin Jacobsen, CEO at the company, told attendees at the recent IntraFish Seafood Investor Forum in New York City.

In the first quarter of the year, about 26 percent of its total sales of  DKK 631.3 million (€84.6 million/$115.8 million) went across the pond to the United States, up from a share of 22 percent in the first quarter last year.

Europe remained the biggest market market with a 47 percent market share, but especially the "eastern European market is suffering during periods with high salmon prices."

In