Satisfactory catches

"We are pleased to announce that the sand eel fishing season has got off to a good start. This year in April, twice as much fish was caught for the Thyborøn factory than in the same period last year. We are also pleased to note that we have received a large number of catches from the so-called 'free' vessels, i.e. fishing boats not owned by our shareholders," CEO Christian Bisgaard, TripleNine a.m.b.a., confirms. "I expect the catches for May to be even larger because, by then, we will also have access to catches from Swedish-owned vessels registered in Denmark."

"We will also be able to bid for sand eel catches at the Norwegian auctions," adds Bisgaard. "Best of all, however, in recent weeks we have gained six new shareholders, four from Hvide Sande and two from Thyborøn. I am convinced, therefore, that we can achieve at least the same quantities of raw materials in May this year as we did last year.

- but at lower prices

"During the past month, fishmeal prices on the global market have fallen, which was to be expected," explains Bisgaard. "The fall in prices is due to the fact that the fishing season in Peru starts on April 1, whereas temperature levels in China aren't suitable for aquaculture until May. This has meant the supply of fishmeal on the world market during the past month has been increasing, which of course puts pressure on prices. At TripleNine, we have reduced our settlement price accordingly."

"I am convinced that we can achieve at least the same quantities of raw materials this May as we did last year," concludes CEO Christian Bisgaard.