P/F Bakkafrost logo

BAKKAo - P/F Bakkafrost News Story

NOK731.2 0.0  0.0%

Last Trade - 07/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.53bn
Enterprise Value £3.80bn
Revenue £529.9m
Position in Universe 163rd / 1832

Norwegian salmon exports to China rose last week

Thu 1st March, 2018 9:54am
OSLO, March 1 (Reuters) - Norway exported 291 tonnes of
fresh salmon to China last week, up from 192 tonnes the previous
week, recovering after Chinese new year celebrations, and up
from zero tonnes during the same week a year ago, data from
Seafood Norway showed on Thursday.
    While the volumes accounted for a fraction of total exports
of 15,748 tonnes last week, Norwegian producers see Chinese
demand as an important factor to balance growing global salmon
supply, which weigh on prices.
    Combined for China and Vietnam, volumes last week rose to
625 tonnes from 591 tonnes in same week last year. 
    Separately, volumes to Hong Kong rose to 303 tonnes last
week from 201 tonnes in same week last year.
    The European Union is by far the biggest export market for
Norwegian salmon, buying 77.5 percent of volumes last week, down
from 80.1 percent from the previous week.
    Norway's average export price last week stood at 62.22
Norwegian crowns per kilo compared to 63.33 crowns in the same
week of 2017, when total export volumes amounted to 15,394
tonnes.

 (Reporting by Ole Petter Skonnord, editing by Terje Solsvik)
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.