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Norwegian salmon exports to China fell last week

Thu 1st February, 2018 9:41am
OSLO, Feb 1 (Reuters) - Norwegian salmon exports to China 
fell to 523 tonnes last week from 557 tonnes the previous week, 
but were up from just 17 tonnes in the corresponding week last 
year, data from Seafood Norway showed on Thursday. 
    The Chinese volumes remain small however when compared to 
Norway's overall salmon exports, which last week hit 17,473 
tonnes. 
    The industry considers a recovery of salmon exports to the 
Chinese market as important, as output has risen this year and 
prices have fallen. 
    In late 2016, Norway and China began to normalise political 
and trading relations following a diplomatic row over the 2010 
award of the Nobel Peace Prize to a Chinese dissident. 
    Salmon exports to Vietnam fell sharply year-on-year however, 
as the country had previously been seen as a backdoor to China. 
    Combined for China and Vietnam, volumes last week rose to 
766 tonnes from 466 tonnes in same week last year.  
    The European Union is by far the biggest export market for 
Norwegian salmon, buying 77 percent of volumes last week, stable 
from the previous week. 
    Norway's average export price last week stood at 56.99 
Norwegian crowns per kilo compared to 70.33 crowns in the same 
week of 2017, when total export volumes amounted to 14,203 
tonnes. 
 
 (Reporting by Ole Petter Skonnord, editing by Terje Solsvik) 
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;)) 
 
Keywords: NORWAY SALMON/CHINA
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