Increase in value reported for Norway's cod exports in H1 2018
In the first half of the year, Norway's cod exports reported a drop in volume of 5% and an increase in value of NOK 45 million or 2% compared with the corresponding period from 2017.
Fresh cod exports, including fillets, reported a year on year drop in volume of 19% to 3,200, while the export value decreased by 12% to NOK 118 million, compared with June last year.
"Measured in Norwegian kroner we have never had a stronger half-year for fresh cod. With reduced cod quotas this year, it is the price of fresh whole cod that has driven the value increase in the category," says Analyst Ingrid Kristine Pettersen at the Norwegian Seafood Council.
On the other hand, frozen cod exports reached 39,000 tonnes which were worth NOK 1.4 billion in the first half of 2018. There was no change in volume in the first six months of this year compared to the similar period from 2017, but in value an increase was reported of 11%.
June frozen cod shipments reached 6,200 tonnes, with a value of NOK 249 million. This is an increase in volume of 21%, while export values increased by NOK 72 million, or 40%, compared with June last year.
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