Norcod said this morning that the Norwegian Directorate of Fisheries (Fiskeridirektoratet, Fdir, in its Norwegian name and acronym), may take measures to speed up the harvesting process after samples showed that parts of its biomass may evolve to spawning-ready. The Norwegian cod producer's noted that, if finally implemented, the measure will have an impact on the company's earlier estimated biomass, the size of the fish, and the total volume ready for harvest.
"Certain findings have been made on simple individuals of the stock within the biomass at one of Norcod's approved facilities which may indicate that parts of the biomass may evolve into mature for spawning within the remaining part of the planned period for harvesting", said the stock exchange announcement published today by Christian Riber, CEO.
According to the release, the Norwegian Directorate of Fisheries has notified the company that it is considering imposing measures that will involve an accelerated harvesting process compared to the originally approved plans. However, before making a final decision, the Fdir has asked Norcod to provide additional information and the company's opinion on how best to deal with the findings within an environmentally friendly framework.
Norcod has highlighted that it will respond to the request by conducting further research and analysis that will be provided to the Norwegian Directorate of Fisheries "to provide the best possible basis to consider the extent of this matter, which measures may reasonably be implemented, including any need for an accelerated harvesting of the fish".
Norcod's goal is to raise top-quality Atlantic cod sustainably and commercially, an ambitious goal they pursue using sustainable farming methods in the Norwegian fjords. Norcod's existing fish farms are located in central and northern Norway and contribute to value creation in the blue ocean with minimal impact on the environment while supporting local communities. The fish-farming cod company has this activity as its core business but participates in the entire value chain through ownership and partnerships.
