Mowi: Annual Harvest Volume Growth Continues But Profits Weaken

Liudmila Chernetska Mowi ASA (OTCPK:MHGVY) is a leading Norwegian seafood company that is the largest supplier of farm raised salmon in the world. In 2023, Mowi was the largest producer of Atlantic salmon with harvest volume of around 475,000 tonnes, which is equivalent to approximately 20% global market share. In recent years, Mowi stock has not done particularly well, with the decline in 2020 largely due to the negative effects from the beginning of the pandemic, and another decline in 2022 due in part to the resource rent tax on aquaculture proposal in Norway which subsequently became law in 2023….