Friday, December 6, 2019

2019 Norwegian Seafood Exports Will Exceed NOK 100 Billion Sometime This Week

Run that through our handy currency converter et voilà: 3.959 Trillion.
Hmmm, that doesn't look right. I may have translated NOK into Zimbabwe dollars.

From PoAndPo, Agrifish, December 4:
Seafood from Norway   
So far this year, Norway has exported 2.4 million tonnes of seafood

Norway exported 273,000 tonnes of seafood worth NOK 10.5 billion in November.

Compared with the same period last year:

- Export value increased by 6 per cent or NOK 574 million

- Export volume decreased by 5 per cent

So far this year, Norway has exported 2.4 million tonnes of seafood worth NOK 97,7 billion. Export volume has declined by 4 per cent, but export value has increased by 8 per cent or NOK 7 billion compared to the same period last year. This represents a major milestone for Norway, as seafood exports will exceed 100 billion Norwegian kroner this week.

Norway is the world’s second largest exporter of seafood, providing 37 million daily meals of seafood to 146 countries across the globe. Responsible management of our precious resources is at the very core of the Norwegian seafood industry.

Norway exported 108,000 tonnes of salmon worth NOK 6.2 billion in November. This is a volume increase of 7 per cent and a value increase of 12 per cent or NOK 705 million from November last year.

So far this year, Norway has exported 1 million tonnes of salmon worth NOK 66 billion. This is a volume increase of 7 per cent, while the value increased by 6 per cent or NOK 3.9 billion from the same period last year. The average price for whole fresh salmon in November was NOK 59.06 per kilo, compared with NOK 56.07 per kg in November last year.

Poland and France were the largest markets for salmon in November....MUCH MORE
Let's try converting our Zimbabwe  dollars into USD:

Waddya mean no one wants 3.96 Trillion ZWD?
How about just theoretically?
There's a 22% fee?
What the hell am I going to do with ~four trillion ZimBucks?

Ah ha! reversing the arrow of time we unwind the earlier transaction and now, jamming the transmission into 1st, we come up with 100 Billion NOK = a bit under $11 Billion.
That's a lot of fish.
In any currency.