{"id":4025,"date":"2025-07-17T23:31:15","date_gmt":"2025-07-17T23:31:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/4025\/"},"modified":"2025-07-17T23:31:15","modified_gmt":"2025-07-17T23:31:15","slug":"japans-mitsubishi-expands-in-salmon-farming-with-acquisitions-in-norway-canada","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/4025\/","title":{"rendered":"Japan\u2019s Mitsubishi expands in salmon farming with acquisitions in Norway, Canada"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Inside the Jostein Albert vessel at the cusp of a Norweigan fjord are 10,000 tones of Atlantic Salmon. Mitsubishi said on Thursday it would expand its salmon farming by acquiring additional businesses in Norway and Canada.Philip Halvorsen\/The Globe and Mail<\/p>\n

Japanese trading house Mitsubishi MSBHF<\/a> said on Thursday it would expand its salmon farming by acquiring additional businesses in Norway and Canada, as Japanese companies continue to grow in the food sector, with a focus on protein. Faced with volatile fossil fuel markets and in search of stable revenue streams, Mitsubishi and its rivals have been diversifying into the food business, where demand is set to grow alongside a rising world population.<\/p>\n

\u201cIn recent years, securing food resources has become a critical global challenge driven by population growth,\u201d Mitsubishi said in a statement.<\/p>\n

The acquisition of three companies from Norwegian Grieg Seafood ASA GRGSF<\/a> was made via Cermaq Group, Mitsubishi\u2019s salmon farming company with assets in Norway, Canada and Chile. It will boost salmon production to around 280,000 tons in the 2027 fiscal year, up from some 200,000 tons produced by Cermaq annually now.<\/p>\n

The acquisition price is NOK10.2-billion ($1.3-billion), Cermaq said in a separate statement.<\/p>\n

Salmon is among the most popular sushi items in Japan, but the bulk of it is imported from other countries, including Norway and Chile. Japan aims to raise the share of locally sourced seafood it consumes to 94 per cent in 2033 from 54 per cent now.<\/p>\n

In October, Marubeni MARUY<\/a> began selling salmon from a farm operated near Mount Fuji by its Norwegian partner, adding to the seafood business where its rivals Mitsubishi and Mitsui MITSY<\/a> are also present. <\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Inside the Jostein Albert vessel at the cusp of a Norweigan fjord are…\n","protected":false},"author":2,"featured_media":4026,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[901,888,902,879,877,903,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,66,865,61,900,892,886,883,913],"class_list":["post-4025","post","type-post","status-publish","format-standard","has-post-thumbnail","category-environment","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-science","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/4025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=4025"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/4025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/4026"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=4025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=4025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=4025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}