Undercurrent is reporting from the North Atlantic Seafood Forum in Bergen (NASF), Norway, on March 3-5.
You can recap all the news from the second day below:
- Camanchaca guides for 15% lift in 2027 salmon harvests
Chilean business Camanchaca is guiding for a 15% lift in salmon harvests for 2027, after reaching around 65,000t this year, said CEO Ricardo Garcia.
- Seafood sector’s use of Nordic bond market on rise
The seafood sector’s use of the Nordic bond market has been on the rise, noted Pareto Securities’ Peter Omsted.
- Signals positive that gov’t will back sustainable growth in Icelandic aquaculture
Early signals for Iceland’s new aquaculture law are positive, according to Icelandic Salmon CEO Bjorn Hembre.
- Camanchaca eyes strong European demand for Chilean mackerel as Atlantic supply dips
Chilean fishing and aquaculture business Camanchaca is eyeing European demand for mackerel as northeast Atlantic supply falls, said CEO Ricardo Garcia.
- Veramaris wins inaugural NASF sustainability award
Algal omega-3 producer Veramaris has won the NASF’s inaugural sustainability award 2026, recognizing “exceptional leadership and innovation in seafood sustainability.”
- Blue whiting’s market access may already have been lost
Blue whiting’s market access as a valuable salmon aquafeed ingredient may already have been lost, warned Leif Kjetil Skjaeveland of Skretting.
- Blue whiting FIP’s end without quota-sharing agreement to see up to 25% price fall to fisherman
The fishery improvement project for northeast Atlantic blue whiting ends in October, and if it does so without a comprehensive quota-sharing agreement between the coastal states fishing for it, the fish’s use as a valuable ingredient for farmed salmon is set to end.
- Circular packaging startup Circmar wins innovation award
The annual NCE Seafood Innovation Award has been won by Gardermoen, Norway-based reusable packaging business Circmar.
- Nordic investors bemused by salmon resource tax outcome
There were few punches pulled by the aquaculture investor panel at NASF as the shortcomings of the Norwegian government’s resource tax policy came under fire.
- Multi X looks forward to new Chilean gov’t work on concessions pipeline
Chilean salmon farmer Multi X is one of many that’s hoping the new government — which takes power in just a few days’ time — will follow through on promises to energize the economy by deregulating.
- Bakkafrost’s latest hatchery to come online in Q2
Bakkafrost CFO Hogni Dahl Jacobsen gave an update on the Faroese farmer’s outlook for 2026 as the company continues to invest heavily in its smolt facilities in both the Faroe Islands and Scotland.
- Leroy launches new branded retail range
Norwegian salmon farmer and whitefish supplier Leroy Seafood Group launched a wide-ranging branded retail selection in February, noted CEO Henning Beltestad.
- Earnings of largest salmon players expected to soar this year
Although the spot market is not likely to recover to previous highs, Pareto Securities’ equity research analyst Hendrik Knutsen believes significant reductions in cost and improvements to survival rates will result in big earnings upgrades at Europe’s four largest public salmon farmers all the same.
- Cermaq’s Rafferty: ‘We’ve paid $25m in tariffs to US’
Cermaq Group CEO Steven Rafferty estimated the company had paid around $25 million to the US in the almost-one-year since president Donald Trump launched new tariffs in April 2025.
- Limited immediate impact on Norwegian salmon exports in first week of war in Middle East
The beginning of the war in the Middle East, with Israel and the US bombing Iran, has had only a limited impact on Norway’s salmon exports, according to one big seller at NASF.
- ‘I like to Mowi, Mowi’ — salmon giants show off new ad campaigns
As salmon consumption continues to shift from restaurants to homes, the two largest salmon farmers in Norway are putting more emphasis on retail advertising campaigns than ever before.
- Commodity supply, cyber attacks the key risk concerns for seafood sector
Commodity price risk and the scarcity of raw materials are the clear main perceived risks for the seafood supply chain at present, according to a survey by risk capital business Aon.
- Pareto guides for modest €7/kg average spot price in 2026
While not the rebound salmon farmers had been hoping for, Pareto Securities’ equity research analyst Henrik Knutsen said the investment bank is still expecting an improvement in spot price levels this year.
- Oslo seafood index still not recovered from 2022 tax shock
If you take a quick glance at the development of salmon stock prices on the Euronext Oslo Bors stock exchange in the last five years, the government’s announcement of the resource tax caused share values to fall off a cliff, and the market is still yet to fully recover, according to exchange CEO Oivind Amundsen.
- One third of Chilean salmon production to be coho by 2030
Speaking on behalf of the Chilean salmon industry, senior Rabobank analyst Gorjan Nikolik drew attention to the country’s big success story of the last five years: coho.
- Norway’s higher volumes of harvest-ready salmon to be worked through by end of Q1
Coming into 2026, salmon sector analysts were expecting to see a tighter supply situation than last year, and an uptick in prices closer to the raised levels of 2022-24.
You can also have a look at all news from day one here.