Trade war threat sees Atlantic Sapphire reevaluate feed sourcing options.
Atlantic Sapphire is assessing alternative feed supply options following the US government’s threat to impose a 25% tariff on imports from Canada.
The company currently sources the majority of its feed from Skretting’s Canadian feed mills, making the newly announced tariffs a significant cost factor for its operations. In response, Atlantic Sapphire is evaluating non-Canadian suppliers to mitigate the financial impact.
The company has not yet disclosed specific adjustments but confirmed that feed sourcing diversification is under review.
The announcement follows broader concerns within the aquaculture industry over the potential impact of trade restrictions on supply chains and cost structures.
Atlantic Sapphire confirmed the review in a stock exchange announcement on February 3, 2025.
