Farmed salmon sector ‘on verge of collapse’ as imports flood in

THE farmed salmon industry in Ireland is close to collapse with more than a third of jobs lost and a fifth of companies in receivership, according to the Government.

The European Commission yesterday agreed to open an investigation into the possible dumping of cheap salmon on the European market, especially from Norway, Chile and the Faroe Islands, and its effect on the industry.

Extra duties on salmon from these countries were lifted last May and as a result imports increased by at least 15%.