Morpol Says Lower Salmon Prices Won’t Hinder Industry Growth

Morpol ASA, the world’s largest salmon processor, said a recovery in production from Chile won’t drag down prices to a level where industry expansion stalls.

While a resurgence of Chilean output, four years after a virus decimated fish stocks, will weigh on prices, it will help stabilize the market and allow growth, Chief Financial Officer Steven Rafferty said today in an interview in Oslo, where Morpol is based. “I don’t see salmon prices ever coming back down in the next five years to very low levels,” he said.