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Large Norwegian salmon farmers reported sharply higher third-quarter earnings on better biology and lower costs, despite lower volumes. Smaller farmer Proximar Seafood will convert about NOK 264m of parent-company debt into shares, cutting existing shareholders to about 6.4%.
Fonterra also lifted the midpoint of its forecast farmgate milk price by 25 cents to NZ$9.75 per kgMS.
Salmon is outside the feed-commodity basket, so the earnings news has little direct effect on feed demand. Fonterra's higher milk price forecast signals firm global dairy demand and supports dairy feed and milk prices.
filingreader.comNov 14, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
