Norwegian mackerel prices hit record in April 2024

Published May 20, 2024

Tridge summary

In April, Vietnam, the US, and Japan were the leading markets for Norwegian mackerel, but exports this year have decreased by 27% compared to the same period last year, totaling 55,000 tonnes. This decrease is due to a 27% reduction in mackerel catch. Additionally, the average price of frozen mackerel weighing less than 600 grams, the primary export product, hit a new record of NOK 23.41 per kg, marking a 14% increase from the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Vietnam, the US and Japan were the largest markets for mackerel in April. Although Norway's mackerel exports in April this year increased slightly compared to the same month last year, this year's mackerel exports are significantly behind last year's figures. “For frozen products, the timing of export will vary depending on consumer demand and storage capacity in Norway. So far this year, 55,000 tonnes of mackerel have been exported, compared with 75,000 tonnes in the same period last year, a 27% decrease. This is because 27% fewer mackerel were caught this year than in the same period last year,” says Jan Eirik Johnsen, head of pelagic species at the Norwegian Seafood Council. New price record In Norwegian kroner, a new price record was set for frozen mackerel weighing less than 600 grams, which is the main export product. ...
Source: Fishretail

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