MIXED MONTH FOR NORWEGIAN COD EXPORTS
Mixed month for Norwegian cod exports. Norway exported 1,400 tonnes of fresh cod, including cod fillet, to a value of NOK 71 million in July. This is a 47 per cent decrease in volume and a 17 per cent, or NOK 14 million, decline in value compared to July last year. Denmark and Sweden were the largest markets for fresh cod in July.
So far this year, Norway has exported 41,100 tonnes of fresh cod, including fillets, worth NOK 1.8 billion. This is a decrease of 23 per cent and a decline of 8 per cent or NOK 160 million from the same period last year.
“According to the Norwegian Fishermen’s Sales Organization, our fishermen have never been better paid for cod than in July 2019. This is also reflected in export prices. The price of fresh whole cod in July this year is 32 per cent (approx. NOK 9.5 per kg) higher than in July last year. Fresh filet has also seen a price rise. The low export volumes of fresh whole cod, in addition to a favourable currency situation, may explain the rise in prices”, says Ingrid K. Pettersen, Seafood Analyst with the Norwegian Seafood Council.
Meanwhile, Norway exported 4,400 tonnes of frozen cod, including fillet, worth NOK 181 million in July. This is a 13 per cent increase in volume and a value increase of 18 per cent, or NOK 28 million, from July last year.
So far this year, Norway has exported 44 600 tonnes of frozen cod, including fillet, for NOK 1.9 billion. This is a volume increase of 4 percent and a value increase of 21 percent or NOK 320 million from the same period last year. China and the UK were the largest markets for frozen cod in July.