Sales of Norwegian aquacultured cod rose in the first quarter

Fresh Cod

Frozen Cod

Seafood

Norway

Published Apr 13, 2023

Tridge summary

The value of fresh cod exports increased by NOK 97 million, or 8 percent, compared to the first quarter of last year. The volume of exports fell by 12 percent. Denmark, the Netherlands and Spain were the largest markets for fresh cod in the first quarter. Bad weather and late cold weather contributed to a significant decrease in fresh cod catches compared to last year, especially in January and February.

Original content

On the other hand, farmed cod exports rose 81% to 3,000 tons in the first quarter. Farmed cod accounted for 13 percent of total fresh cod exports. “Together with a weak Norwegian krone and high price growth in the markets, this led to a historically high value of fresh cod exports in the first quarter. NOK 97 million more than the previous best quarter,” says Eivind Hestvik Brekkan, seafood analyst at the Norwegian Seafood Council. In the first quarter, the price of fresh cod fillets was NOK 127 per kg. This is NOK 6 per kg more than the previous record quarter, which was Q4 2022. Fresh whole cod also reached high prices of NOK 56/kg. This is NOK 2/kg higher than the previous record quarter, which was Q4 2022. Fresh cod exports in March In March, Norway exported 11,200 tons of fresh cod worth NOK 648 million. The value of exports increased by NOK 110 million, or 20 percent, compared to March last year. The volume of exports has not changed. In the first quarter, Norway exported ...

Source: Fishretail