Leading Atlantic salmon producer held back by low water temperatures
The harvest volume and sales of Russian Aquaculture (Russia’s leading Atlantic salmon farmer) displayed a considerable decrease year-on-year in 2020. This was mainly caused by the shift of the fish slaughtering to 2021 because of the slower growth to marketable weight in the abnormally low water temperatures in the first half of 2020, reports Megafishnet.com.
According to RA, the harvest volume decreased by 8% compared to 2019 and amounted to 15.5 KT HOG.
The sales volume dropped by 9% totaling 15,5 thousand tons of finished products, including fish and roe.
The firm’s consolidated revenue totaled 8,346 billion RUB. The average selling price increased by 4% compared to 2019 to 538 RUB/kg ex. VAT.
Table. Unaudited operating results for 2020 of Russian Aquaculture PJSC
|
Figures |
2019 |
2020 |
2020 / 2019 |
|
TOTAL |
|||
|
Harvest volume, ths tons HOG* |
16,9 |
15,5 |
-8% |
|
Sales volume, ths tons** |
17,0 |
15,5 |
-9% |
|
Revenue, mln RUB |
8 798 |
8 346 |
-5% |
|
Murmansk |
|||
|
Harvest volume, ths tons HOG* |
15,4 |
14,2 |
-8% |
|
Sales volume, ths tons** |
15,6 |
14,2 |
-9% |
|
Revenue, mln RUB |
8 270 |
7 781 |
-6% |
|
Karelia |
|||
|
Harvest volume, ths tons HOG* |
1,5 |
1,2 |
-14% |
|
Sales volume, ths tons** |
1,4 |
1,3 |
-4% |
|
Revenue, mln RUB |
528 |
565 |
+7% |
*HOG – head on gutted
** - fish and roe only
ABOUT RUSSIAN AQUACULTURE
Russian Aquaculture is the leader in the production of Atlantic salmon and trout in Russia.
The Company’s core business areas are:
- commercial farming of Atlantic salmon and sea trout in the Barents Sea in the Murmansk region
- commercial farming of trout in the lakes of the Republic of Karelia
Russian Aquaculture’s core strategic focus is on developing its aquaculture business. The Company currently owns cultivation rights for 37 sites for farming salmon and rainbow trout. The total potential production volume for these sites is around 50 ths tons of salmonids.
The Company’s long-term development strategy involves the creation of the largest vertically integrated player in the aquaculture market, including the production of feed and stocking material, primary processing, and distribution of the Company’s own products.