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Bumper salmon, herring trades help deliver a record October for Norwegian seafood by Jason Holland November 08,2019   |  Source: SeafoodSource

Norwegian seafood companies exported 291,000 metric tons (MT) of fisheries and aquaculture products worth NOK 10.9 billion (USD 1.2 billion, EUR 1.1 billion) in October – a record total value for the month, with the volume and value increasing by 8 percent and 9 percent respectively compared with a year previously.

In the first 10 months of 2019, Norway exported 2.2 million MT of seafood worth NOK 87 billion (USD 9.5 billion, EUR 8.6 billion), with the volume down by 4 percent but the value rising by 8 percent or NOK 6.3 billion (USD 688.7 million, EUR 621.4 million) year-on-year.

The Norwegian Seafood Council (NSC) said that there had been significant volume growth in the country’s salmon and herring exports, thanks to increased harvesting and catches, and this had contributed to the increase in value. In addition, the weak Norwegian krone continues to be “a major contributor” to the export growth across all of the country’s key seafood species.

Tom-Jørgen Gangsø, director of market insight and market access with the NSC, said that throughout 2019, the Norwegian kroner has depreciated against the major currencies, and this has helped to increase the export value when measured in Norwegian kroner.

 

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Theme(s): Post Harvest Technology and Trade.

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