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 £3.61bn
Enterprise Value £3.88bn
Revenue £528.3m
Position in Universe 162nd / 1836

Norwegian salmon exports to China rose last week

Thu 19th April, 2018 11:28am
OSLO, April 19 (Reuters) - Norway exported 229 tonnes of
fresh salmon to China last week, up from 225 tonnes the previous
week and none 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.
    Last week overall export volumes rose to 15,781 tonnes from
11,676 tonnes in same week a year ago, primarily an effect of
the Easter holiday.
    Norway's average export price last week stood at 68.23
Norwegian crowns per kilo compared to 65.14 crowns in the same
week of 2017. It was the seventh 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 83.1 percent of volumes last week, up
from 81.7 percent the previous week.
    Combined for China and Vietnam, volumes last week dropped 
to 292 tonnes from 483 tonnes in same week last year. 
    Separately, volumes to Hong Kong rose to 276 tonnes last
week from 170 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.