Iceland aims for 25% growth and will pass 40,000 tonnes of salmon this year

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Iceland has tried, but failed to farm salmon twice before. But this time it seems to be succeeding.

It has not been many years since Iceland wanted to try its luck again with salmon farming. After stumbling in both the 80s and 90s, there has been a new shift in the country’s farming production in recent years.

The initiative has been controversial and widely controversial in Iceland. Fisheries and tourism are big business.

Iceland has grown a lot in a few years. Three Icelandic salmon farmers are listed on The Oslo Stock Exchange.

Kjartan Olafsson, Chairman of the Board of Arnarlax. PHOTO: Aslak Berge

“Iceland has been growing fast as new a farming region and in harmony with our communities and the science of our Marine Research Institute. This year harvest volume estimated over 40k MT Icelandic Salmon and should be up 25 per-cent for next year harvest,” wrote Kjartan Olafsson, chairman of the board of Icelandic Salmon, on LinkedIn.

“Not only is the world offered healthy ASC-certified salmon, but it also creates valuable jobs in rural areas,” Olafsson added.

By comparison, neighbouring Faroe Islands are aiming to harvest 94,000 tonnes of salmon in 2021. With Iceland’s growth rate, this level may soon be within reach.