The Seafood Council sees trends for normalization in the markets in China and South Korea

seafoodSeafood.Photo: Terje Pedersen / NTB scanpix

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There is still considerable uncertainty in the seafood market globally, but there are trends towards gradual normalization in countries such as China and South Korea, according to the Seafood Council.

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The biggest challenges facing a seafood-producing nation like Norway during the current Coronavirus crisis are related to the decline of the restaurant industry globally, the Seafood Council wrote in a status update on April 1.

“As in previous weeks, we see a continued reduction in fresh seafood and an increase in frozen and conventional products,” said seafood analyst Paul Aandahl of the Norwegian Seafood Council.

But in some countries in Asia, including China and South Korea, the market appears to be gradually normalizing.

“We now see that restaurants across different segments are on the way back. A number of precautions continue to apply, and greater attention is being paid to conditions outside China,” said the Seafood Council’s fisheries envoy to China, Victoria Braathen.

© NTB Scanpix / #Norway Today

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