Norway exported 4,000 metric tons (MT) of fresh cod, including premium skrei, with a value of NOK 187 million (USD 22.3 million, EUR 21 million) last month. In volume terms, this trade was 1,100 MT less than in January 2016, but thanks to an 18 percent increase in the average price, the total value of these exports fell by just 8 percent or NOK 15 million (USD 1.8 million, EUR 1.7 million).
Skrei exports totaled 391 MT for the month, which represented a decrease of 298 MT from January 2016. As a consequence of the lower volume, the total value achieved by this cod fell 37 percent year-on-year to NOK 21 million (USD 2.5 million, EUR 2.4 million). Skrei prices were up 11 percent year-on-year.
The Norwegian Seafood Council (NSC) partly attributed the cod supply decline and subsequent higher prices to bad weather.
In addition to Norway’s fresh cod exports, the Scandinavian country also exported 8,600 MT of frozen cod last month, which was 1,600 less than in January 2016. The value of this trade fell 12 percent or NOK 36 million (USD 4.3 million, EUR 4 million) to NOK 265 million (USD 31.7 million, EUR 29.8 million).
Overall, Norway exported 170,000 MT of seafood products with a total value of NOK 7.6 billion (USD 908.2 million, EUR 853.5 million) last month. While this volume was 11 percent lower than in January 2016, the value jumped by 13 percent or NOK 891 million (USD 106.5 million, EUR 100.1 million).
In 2016, the country exported 413,000 MT of whitefish products with a total value of NOK 13.8 billion (USD 1.6 billion, EUR 1.5 million), representing increases of 7 percent and 6 percent respectively.
