New report: Lower exchange rate is a boon for Norwegian seafood

The weaker exchange rate in recent years has strengthened the international competitiveness of Norway’s seafood industry, according to a new report from the Tromso-based food research institute Nofima.

With high production volumes and a relatively small domestic market, the Norwegian seafood industry is dependent on selling most of its products abroad. At the same time, with Norway’s small economy heavily dependent on oil, the Norwegian krone (NOK) is a vulnerable currency that fluctuates w…