P/F Bakkafrost logo

BAKKAo - P/F Bakkafrost News Story

NOK716.6 0.0  0.0%

Last Trade - 06/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.65bn
Enterprise Value £3.90bn
Revenue £543.7m
Position in Universe 160th / 1836

Norwegian salmon exports to China rose last week

Thu 12th April, 2018 2:21pm
OSLO, April 12 (Reuters) - Norway exported 225 tonnes of
fresh salmon to China last week, up from 176 tonnes the previous
week and 36 tonnes during the same week a year ago, data from
Seafood Norway showed on Thursday.
    Norwegian producers see Chinese demand as an important
factor to balance growing global salmon supply although volumes
have dropped sharply in recent weeks.
    Overall export volumes dropped to 13,945 last week from
18,682 tonnes in same week a year ago but up from only 11,469 in
the Easter holiday week.
    Norway's average export price last week stood at 71.51
Norwegian crowns per kilo compared to 62.77 crowns in the same
week of 2017. It was the sixth consecutive week that prices were
higher than in the corresponding year-ago week.
    The European Union is by far the biggest export market for
Norwegian salmon, buying 81.7 percent of volumes last week, up
from 77.5 percent the previous week.
    Combined for China and Vietnam, volumes last week dropped 
to 295 tonnes from 578 tonnes in same week last year. 
    Separately, volumes to Hong Kong rose to 262 tonnes last
week from 211 tonnes in same week last year.

 (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.