Weak June leads to lower seafood exports from Norway in the first half of the year

“Although there was no increase in value, the first half of the year was the second highest on record. Only last year it was better. A weak Norwegian krone and high prices for cod and salmon contributed to higher prices in the first five months of the year. However, growth stopped in June, largely due to falling salmon prices,” says Christian Kramer, CEO of the Norwegian Seafood Council. “Despite the downturn, the seafood industry is performing well with its second-best half-year performance ever. However, weakening purchasing power in key markets, lower export volumes and increased competition from other seafood-producing countries are things we must take very seriously,” says Marianne Sivertsen Näss, head of the Ministry of Trade, Industry and fisheries Historical decline in value In June, seafood exports fell 18 percent, or NOK 2.7 billion, compared to the same month last year. This is a historic change. Never before has the value of exports fallen by more than NOK 2 billion in ...