Norwegian salmon exporters offset loss of Russian market by cranking up shipments to US and Asia
SEAFOODNEWS.COM [SCOM] October 13, 2014
Norway's increased salmon exports to the US and Asian markets are helping to mitigate the loss of its top market, Russia, from its import ban on foodstuffs enacted over the summer.
The value of exports of Norwegian salmon in September totalled NOK 3.5 billion (US$539.1 million). This is an increase of NOK 232 million ($35.7 million), or 7 percent, compared to the same period last year. To date, exports of salmon have totalled NOK 31.9 billion ($4.91 billion) This is an increase of NOK 4.7 million ($720,000), or 17 percent, compared to last September.
Norwegian exporters have sent more product to Asian and US markets, which has offset the loss the Russian market from the summer's import ban...
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