Norwegian seafood worth nearly NOK 5.5 billion was exported in October. This represents a downturn of NOK 345 million or 6% compared with the same month last year.
So far this year, seafood worth NOK 43.3 billion have been exported, an increase of NOK 362 million over the record year of 2010, according to figures from the Norwegian Seafood Export Council.
The downturn in seafood exports for the month of October is due to the low world market price for salmon. Overall, the positive trend in exports of herring, mackerel and cod is not strong enough to compensate for the decline in the value of salmon exports, says Egil Ove Sundheim, Director of Market Information at the Norwegian Seafood Export Council.