The Norwegian auction of new salmon permits has now been completed.
On Tuesday, the Ministry of Trade and Industry held an auction of new permits for farming salmon, trout and rainbow trout. The permits have been sold in production areas along the coast where the environmental situation is considered good, and gives a growth in the Norwegian aquaculture industry of more than three percent.
“We have now sold new salmon permits for a record high of NOK 6 billion (EUR 566 million), twice as much as the previous auction. This confirms that we have a forward-looking and offensive industry. This is good, and important for jobs and value creation along the coast,” said Minister of Fisheries and Seafood Odd-Emil Ingebrigtsen in a press release.
There were 42 companies registered in the auction, and 30 companies eventually bought permits. There were 27,188 tonnes of production capacity available at the auction, and everything was sold.
“I am pleased that so many companies have bought new permits, and that there is great variation among the breeders who have won. This shows that auctions can be a good form of allocation for both small, medium and large fish farmers,” said the Minister of Fisheries and Seafood.