Norwegian salmon exports grew strongly final month, however low costs meant the nation’s fish farmers had been receiving much less income than regular, the most recent figures present.
They totalled 95,600 tonnes throughout February, a quantity rise of 20%, however the worth fell by 5% to NOK 5.4bn (£456m) in comparison with a 12 months in the past.
Poland, France and the US had been the primary markets for export, however there was massive development in gross sales to China and Italy, the 2 international locations hardest hit and among the many first to close down in the course of the early days of the pandemic.
Norwegian Seafood Council analyst Paul T. Aandahl stated: “Right here, the worry of an infection led to a fall within the demand for salmon even earlier than the coronavirus was detected within the nation.
“In February this 12 months, it was exactly these two markets that confirmed the strongest development in worth for salmon exports.”
The Seafood Council’s seafood envoy to Italy, Trym Eidem, stated development was returning to that nation as a result of a number of the restrictions round outlets and eating places had been beginning to be lifted.
Total, Norway exported seafood price NOK 8.7bn (£735m) in February. This represents a decline of NOK 482m (£40.7m), or 5%.
Seafood Council CEO Renate Larsen stated: “Even though the seafood markets are nonetheless strongly affected by the corona pandemic, the worth of seafood exports (final month) is the second highest February ever.
“That is partly as a result of the truth that record-high volumes of particular person species comparable to salmon and herring had been exported.”
She defined: “In February, the export worth of most species fell, except king crab and herring, after we evaluate figures with the record-strong we had in February 2020.
“Then there have been traditionally excessive costs for salmon and cod, however that was earlier than the pandemic struck and decreased the sale of seafood to motels and eating places globally.
“It should be talked about that the image is nuanced and that there’s nonetheless nice uncertainty related to future export improvement for particular person species.”
Farmed trout exports dropped by 20% to three,900 tonnes final month with the worth additionally down by an identical determine to NOK 292m (£24.6m).
There was good development (up 25%) in demand for recent cod, which earned NOK 412m (£34.8m), however much less so for frozen cod (down 19%) for which the UK is historically an vital purchaser. The February worth was NOK 251m (£21m), down 34 per cent on a 12 months in the past.
Quantity exports of shrimp (chilly water prawns) had been up barely at 843 tonnes and value NOK 66m (£5.5m), down 3%.