Faroese salmon industry calls for urgent market strategy overhaul

The Faroese Salmon Farmers Association has warned that immediate reforms to market practices are essential to prevent the country’s salmon producers from losing their competitive edge, according to a report by Faroese public broadcaster KVF.

Faroese salmon farms harvested roughly 29% more fish in 2025 than the previous year, yet export revenues rose by just over 7%—despite a nearly 28% increase in total export volume. The association attributes the stagnant revenue growth to an unexpected surge in global supply, particularly from Norway.

Regin Jacobsen, a board member of the association and director at Bakkafrost, told KVF that the primary cause was “unusually large volumes entering the market, especially from Norway.”