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BAKKAo - P/F Bakkafrost News Story

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Last Trade - 19/04/21

Consumer Defensives
Large Cap
Market Cap £3.27bn
Enterprise Value £3.52bn
Revenue £540.4m
Position in Universe 171st / 1829

European salmon sales to China slowly recovering after virus scare

Mon 13th July, 2020 11:42am
OSLO, July 13 (Reuters) - European exports of farmed salmon
to China are gradually restarting after a temporary halt due to
a coronavirus scare, two exporters and Norway's seafood
marketing organisation said on Monday.
    Many Chinese buyers halted imports of salmon and the fish
was removed from supermarket shelves after the novel coronavirus
was found on a chopping board used to cut salmon at a large food
market in Beijing last month.  urn:newsml:reuters.com:*:nL4N2E200X
    Officials in China and Norway, one of the world's top farmed
salmon exporters, later concluded that imported salmon wasn't
the source of the contamination.  urn:newsml:reuters.com:*:nL8N2DU1U4
    "Salmon exports to China are resuming, but Beijing is still
under lockdown," Regin Jacobsen, CEO of Faore Islands-based
Bakkafrost  BAKKA.OL , told Reuters.
    Another major Nordic salmon producer also said exports had 
resumed, but that volumes were not increasing as quickly as
after a previous halt at the start of the year due to
coronavirus lockdowns in China.
    The Norwegian Seafood Council said Norway exported 119
tonnes of fresh salmon to China in the first week of July, down
76% from the same week a year ago, but up from 58 tonnes the
previous week. 
    "So it is gradually going up again, and this is the same
tendency as we saw in February," Paul Aandahl, seafood analyst
at the organisation, told Reuters.
    It took about eight weeks for export volumes to return to
normal levels after exports to China were first disrupted by 
lockdowns, he added.
    China began testing imported fresh and frozen food after the
discovery of the virus at the Beijing market, and last Friday
suspended imports from three Ecuadorean shrimp producers, saying
it had detected coronavirus in recent shipments.  urn:newsml:reuters.com:*:nL4N2EH22I   

 (Reporting by Nerijus Adomaitis and Victoria Klesty; Editing by
Mark Potter)
 ((nerijus.adomaitis@thomsonreuters.com; +47 9027 6699; Reuters
Messaging: nerijus.adomaitis.thomsonreuters@reuters.net))
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