August boom in Norway salmon exports
DESPITE an unprecedented heatwave when Europe sizzled during August and market talk of a slump in prices, Norwegian salmon farmers have just enjoyed their strongest month so far this year.
Figures from the Norwegian Seafood Council show that the country exported 104,000 tonnes of salmon worth 6.2 billion kroner (£563 million) last month, up five per cent in volume and six per cent in value (NOK 341 million) on August last year.
Tom-Jørgen Gangsø, director of market insight and market access at the seafood council said: ‘We have never had such a large price difference between (the various) markets as in August this year.
‘While the average price to the EU was NOK 52.43 (per kg), the price to Asia was NOK 14.19 higher and the price to North America was NOK 16.47 higher.
‘A greater depreciation of the krone against the dollar than against the euro is the explanation for this.
‘In addition, increased demand from Asia for large salmon, which one cannot cover, may explain some of this difference.’
Victoria Braathen, fisheries envoy for the Norwegian Seafood Council in China, said: ‘Driven by increased demand, we see continued very positive growth for Norwegian salmon sales to China. More efficient trade means that more Norwegian salmon is now being exported to China.
‘It is fresh, whole salmon that dominates the salmon trade and Chinese buyers have a pronounced preference for large salmon.’