OSLO – Marine Harvest, the world's biggest salmon farmer, expects salmon prices to start to pick up at the end of this year as it expects Russian sanctions to have a short-term effect, its chief executive said on Wednesday.
"It's definitely a short-term effect, but we think we will see a redistribution (of the salmon that should have been exported to Russia), and demand in other regions will take the rest," Alf-Helge Aarskog said after presenting the firm's quarterly results.
"We expect salmon prices to start to pick up at the end this year."
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