Norway

Norwegian salmon exports to EU drives up prices

Fish & Seafood

Poland, France and Denmark were the largest export markets for Norwegian salmon in May.

Posted on Jun 11 ,07:00

Salmon prices have grown during May due to a strong demand from EU and US markets, announced Norwegian Seafood Council. Norway exported 81,000 tonnes of salmon worth a total of NOK 6.1 billion in May ($757.4 million).
The volume of exports to the EU was 10,500 tonnes, while the total growth in volume was 8,400 tonnes or 12%. Export value increased by NOK 851 million ($105.6) or 16% compared with May last year. So far this year, 400,000 tonnes of salmon have been exported realising a total value of NOK 27 billion ($3.3 billion).
"With an average price of NOK 73.73 per kg of fresh whole salmon, we are seeing the highest monthly average price for salmon during May. The reasons for these high prices are a combination of strong demand and a still weak Norwegian kroner in relation to the euro. Export values for Norwegian salmon to the EU have never been higher in a single month. The export value for salmon to the EU in May ended at NOK 4.6 billion ($571 million)", says Asbjrn Warvik Rortveit.
Poland, France and Denmark were the largest export markets for Norwegian salmon in May. The United States also saw a strong rise in export value, up NOK 82 million ($10 million) or 24% compared to May last year. This represents the best May-month for export of Norwegian seafood to the United States ever.

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