Norway’s seafood exports set a new record in May 

salmonPhoto: Gorm Kallestad / NTB
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Revenues for seafood exports in May increased by 49% compared with May last year. In total, NOK 12.4 billion worth of seafood was exported.

Strong seafood exports continued in May – the increase in export value amounted to NOK 4.1 billion compared with May 2021.

“The strong global demand for Norwegian seafood led to an export value in May which is the second-highest ever in a single month, only beaten by March of this year,” Acting CEO of the Norwegian Seafood Council, Børge Grønbech, stated in a press release.

Rising seafood prices, especially salmon prices, are the reason for the growth. A total of 84,800 tonnes of salmon, worth NOK 8.6 billion, were exported in May.

“Weak export volume over time and demand growth led to a strong price development, and in terms of value, May was the second-best ever for Norwegian salmon exports,” analyst Paul T. Aandahl in the Norwegian Seafood Council noted.

So far this year, Norway has exported seafood worth NOK 57.8 billion. This is a higher export value than in the whole of 2012.

However, Grønbech says that there is uncertainty associated with the development of export prices in the future. 

Source : © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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