The seafood giant has quotas of 650,000 to 700,000 tons of pelagic fish, mainly in Peru and Chile.

Austevoll Group CEO Arne Mogster told

, his company ranks among the five biggest in the global pelagic industry.

At 300,000 tons of salmonid fish, the world’s largest salmon company, Marine Harvest produces less than half that amount but the value is twice as much.

Even so, the value of pelagic volume should not be underestimated.

Austevoll Seafood on Monday posted net earnings of NOK507.4 million (€63.9