Rising prices and volumes drive Norwegian seafood exports to record high in November

“We have seen several months of steady growth in seafood exports, and this trend continued in November. With rising prices for salmon, mackerel, cod, haddock and herring, this was the best November ever in value terms,” says Christian Kramer, CEO of the Norwegian Seafood Council. Unlike previous years, seafood exports were not helped by the weak Norwegian krone. “Compared to the same month last year, the Norwegian krone strengthened slightly against the euro, but weakened against the US dollar. “Overall, there is no currency effect, so the increase in value is mainly due to higher prices and higher volumes for some of our most important species,” explains Kramer. “In terms of wild seafood, many are concerned about the impact of new quota cuts, the land-based industry is intensifying the competition for raw materials, while many salmon companies are experiencing greater biological problems due to rising sea temperatures. When this is combined with rising costs and tougher global ...