Tridge summary
Norwegian seafood exports in November decreased by 11% compared to the same month in 2019, totaling NOK 9.4 billion, due to the hotel and restaurant sector shutdown in Europe and a decrease in demand for traditional seafood products. The fall in export value could have been greater if the Norwegian kroner had not been weak. The United Kingdom, Poland, and Denmark were the largest export markets. The average price for fresh whole trout in November was NOK 52.49 per kg, the first time it was higher than fresh whole salmon. The decline in herring exports in November was due to a shift to more valuable fillet and processed products, and there was solid growth in snow crab exports to the USA. However, there was a decline in prawn exports to Sweden due to stricter restrictions and a decrease in the restaurant market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Large fall in seafood exports in November. In November, the value of Norwegian seafood exports was NOK 9.4 billion. This is a decrease in value of 11 per cent, or NOK 1.2 billion, compared to November 2019. So far this year, seafood exports total NOK 96.6 billion. This is a decrease of NOK 1 billion, or 1 per cent, when compared against the same period last year. “Norwegian seafood exports are now seeing the impact of a hotel and restaurant sector that has more or less shut down across Europe. In addition, the demand for traditional products such as clipfish and stockfish which are often eaten at larger dinners with friends and family has fallen due to the restrictions on mixing households”, says director of market insight and market access in the Norwegian Seafood Council, Tom-Jørgen Gangsø. “November 2019 was an exceptionally strong month, so that should also be taken into account when comparing year-on-year performance. At the same time, the fall in export value would have been ...
Source: Fish Focus
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