Japan's Mitsubishi expands in salmon farming with acquisitions in Norway, Canada

Mitsubishi's Expansion in Salmon Farming: Mitsubishi is expanding its salmon farming operations by acquiring three companies from Grieg Seafood ASA, aiming to increase production to approximately 280,000 tons by the fiscal year 2027, as part of a strategy to diversify into the food sector amidst volatile fossil fuel markets.

Japan's Seafood Sourcing Goals: Japan plans to increase its locally sourced seafood consumption from 54% to 94% by 2033, with salmon being a key focus, as most of it is currently imported from countries like Norway and Chile.