Norwegian salmon cost sours European palate / News / The Foreigner

Norwegian salmon cost sours European palate. 32 months of Norway’s rise in salmon exports came to a halt last week as it became too expensive for the Europeans. Q1 2011 largest salmon exports to France and Germany remained constant, but declined to Poland, Denmark and the UK. The Norwegian Seafood Export Council (NSEC) says Norwegian salmon prices have risen in the past year. One kilogram of fresh whole salmon cost an average of 40.88 kroner last month, a 6.39 kroner increase compared with April 2010.

norwegiansalmon, salmonexports, exportdecline



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Norwegian salmon cost sours European palate

Published on Monday, 30th May, 2011 at 12:27 under the news category, by Ramona Tancau.

32 months of Norway’s rise in salmon exports came to a halt last week as it became too expensive for the Europeans.

Salmon
Salmon
Photo: Natalie Maynor/Flickr


Q1 2011 largest salmon exports to France and Germany remained constant, but declined to Poland, Denmark and the UK.

The Norwegian Seafood Export Council (NSEC) says Norwegian salmon prices have risen in the past year. One kilogram of fresh whole salmon cost an average of 40.88 kroner last month, a 6.39 kroner increase compared with April 2010.

Last week’s salmon export volume and trading revenue were lower than the same period last year, NRK reports.

“Salmon prices in Europe have risen quite sharply,and certain groups of consumers are definitely turning their backs on buying the fish because it is becoming too expensive,” says Kolby Giskeødegård, Nordea Markets’ salmon price analyst.

Meanwhile, Egil Sundheim, the NSEC’s Director of Market Information and Market Access, blames governmental restrictions for export falls. He claims fish farmers are not able to meet demand because of ceilings on production.

“This means there is no room to increase production significantly. Export growth stagnates if you combine this with the fact that prices have also leveled out, which is what we are seeing now,” Mr. Sundheim concludes.

Whilst exports to the Baltic countries and the Czech Republic were up for the first quarter of 2011, NSEC figures show US demand for Norwegian salmon dropped by 224 million kroner in the first quarter of 2011 compared with the same period last year.




Published on Monday, 30th May, 2011 at 12:27 under the news category, by Ramona Tancau.

This post has the following tags: norwegiansalmon, salmonexports, exportdecline.





  
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