Norway exported cod, saithe, haddock and other whitefish worth NOK 15 billion in 2017. This is an increase of 8 per cent, or NOK 1.1 billion, from 2016.
Yet another record year for whitefish exports
Norway exported cod, saithe, haddock and other whitefish worth NOK 15 billion in 2017. This is an increase of 8 per cent, or NOK 1.1 billion, from 2016 - writes norwaytoday.info.
The Norwegian whitefish industry set a new export record in 2017, for the fourth year in a row. The increase has primarily come from an increased catch and increased export volume. Increased volume, especially of saithe, has led to somewhat lower export prices, but we have seen a positive price trend on both haddock and cod.
– The cod quotas have remained stable, while the quotas on saithe increased a great deal in 2017, which is very likely the main explanation for reduced prices on saithe. A weakened Norwegian krone in 2017 has probably also contributed a little to the increase in value in 2017, while at the same time we see that a weak pound has had consequences in the form of reduced exports to the United Kingdom, says Ingrid Kristine Pettersen, Analyst at the Norwegian Seafood Council.
– The quotas on cod and haddock have been reduced in 2018, and there will be major competition for the raw material, which probably will lead to a price increase this year, Pettersen adds.
Read more news of Oslo on our site.