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Worsening whitefish markets sees Iceland’s SVN shutter plant

Smaller quotas, tough markets, and shrinking margins on whitefish have been evident, though were more than offset by the strength of Sildarvinnslan's pelagic activities in Q3

By Neil Ramsden | Nov. 24, 2023 09:53 GMT
SVN's operations in Seydisfjordur, which include fishmeal and oil operations.
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Icelandic fishing and processing firm Sildarvinnslan (SVN) revealed that it closed its whitefish processing plant in Seydisfjordur in September, citing escalating costs [...]

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