Marine Harvest (MNHVY.PK), which is the world's largest producer of farmed salmon, is an attractive buy at current levels considering the current salmon market price trend. This investment note discusses the near-term positive outlook for the stock and the long-term fundamental drivers for the business.
Salmon Prices Are Surging
According to the FAO report (June 2013) on world food markets, the salmon price index has increased from 146 in June 2012 to 195 in June 2013.
(click to enlarge)
The same report states that -
Despite a 13 percent increase in farmed Atlantic and Pacific salmon production between 2011 and 2012, salmon prices continue to recover from the very low levels reached in 2011. Strong demand in the face of...
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