Norway Salmon Farmers Hit by Muted US Demand, Fish Sickness
- Grieg shares drop most since 2022 after earnings report
- Mowi sees US market improving gradually from subdued demand
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Norwegian salmon farmers saw their second quarter profits drop as consumers hit by the higher cost of living bought less pink fish and health issues hurt yields.
Grieg Seafood ASA shares slid as much as 16% in Oslo, their biggest drop since 2022. Mowi ASA, the world’s biggest salmon grower, gained about 1% and Leroy Seafood Group ASA 3.8% after declines of more than 2% for both stocks on Tuesday following SalMar ASA’s lack-luster report.