OSLO – Marine Harvest, the world's biggest Atlantic salmon producer, on Friday forecast a sharp fall in 2013 volumes because it will have fewer live fish ready for slaughter.
Reporting third-quarter results, including the 84 percent drop in earnings flagged earlier this month, the company also said that it will invest 800 million Norwegian crowns ($139 million) in a new feed unit in Norway to keep production costs low in the face of rising feed prices.
Shares in the company were down 5.6 percent at 0851 GMT, against a 0.9 percent fall in the Oslo benchmark index.
Marine Harvest said that it expects the full-year harvest to be 390,000 tonnes of gutted weight, up a touch from an earlier forecast of 380,000 tonnes, but sees volumes falling to 350,000 tonnes in 2013.
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