Norwegian salmon exports remain strong despite trade sanctions

Norwegian salmon is selling like never before, all over the world. Both prices and production have jumped, despite the loss of major markets in Russia and China, and profits are expected to rise even higher next year. saumon0
Norwegian salmon raised in farms like this Cermaq facility is selling briskly, despite Russian sanctions and blocked markets in China. PHOTO: Cermaq

Norwegian salmon raised in farms like this Cermaq facility is selling briskly, despite Russian sanctions and blocked markets in China. PHOTO: Cermaq

“No one saw this coming,” Christian Chramer, a director of the seafood marketing association Norges Sjømatutvalg, told newspaper Dagens Næringsliv (DN). “When Russia closed its borders to Norwegian salmon in August, and relations with China got worse, many thought that exports of salmon would be hit hard. Instead, we sold much more to the EU and the US.”

Norwegian salmon producers also started selling more to Asia, even though China blocked imports as part of its ongoing diplomatic freeze with Norway. “The industry has the ability to adapt quickly and work towards new markets,” Chramer said. “We have increased sales to Asia, to strong markets like Indonesia, Thailand, Taiwan and Singapore.”

Read more: News and Views from Norway

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