Prices for fresh Norwegian cod were low in May

Published Jun 13, 2024

Tridge summary

In May, the export value of fresh cod from Norway decreased by 22%, totaling NOK 188 million, due to a 28% drop in volume. Despite this, farmed cod exports saw a 90% increase in volume and a 128% increase in value, contributing to 33% of the total fresh cod export volume. The Netherlands and Spain were the largest markets for wild and farmed cod, respectively.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The value fell by NOK 52 million, or 22%, compared to the same month last year. Export volume decreased by 28% Denmark, the Netherlands and Spain were the largest markets for fresh cod in May “With fresh cod landings more than halving in May, it is not surprising that export volumes of fresh wild cod have also fallen sharply,” says Eivind Hestvik Brekkan, seafood analyst at the Norwegian Seafood Council. In May, the volume of fresh wild cod exports fell by as much as 45% to 2,038 tonnes, while the value of exports fell by 39% to NOK 130 million. One in three fish comes from aquaculture The volume of fresh farmed cod exports increased by 90% to 985 tonnes and the value of exports increased by 128% to a total of NOK 58 million. “As a result, farmed cod accounted for up to 33% of fresh cod export volumes in May,” explains Brekkan. As usual, the largest destination market for wild cod was Denmark, the transit country, followed by the Netherlands and Sweden. Of these countries, exports ...
Source: Fishretail

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