Thursday, June 4, 2020

"Norwegian seafood exports fall in value in May" (plus China appears to exit U.S. trade deal)

Two from PoAndPo Agrifish. First up, the headline story June 4:

The value of Norwegian seafood exports fell for the second month in a row. In May, Norway exported seafood worth NOK 7.8 billion.
This represents a reduction of NOK 764 million, or 9 per cent, compared with May last year.

Although there was a fall in value in April and May, seafood exports in January, February and March contributed to an overall growth in export value in 2020. So far this year, seafood exports have been worth NOK 44.6 billion. This is an increase in value of NOK 1.5 billion, or 3 per cent, compared to the same period last year.

Broadly speaking, herring and mackerel account for 2/3 of the value increase so far this year, while salmon and trout account for 1/3 of the value increase.

In May, 85,000 tonnes of salmon were exported to a value of NOK 5.7 billion. This is a 5 per cent reduction in volume, while export value fell by NOK 312 million, or 5 per cent, compared to May last year. The average price for fresh whole salmon in May was NOK 60.65 per kg, compared to NOK 62.13 per kg in May last year. Poland, France and Denmark were the largest markets for Norwegian salmon in May.

So far this year, 419,000 tonnes of salmon have been exported, worth NOK 29.3 billion. The volume is at the same level as last year, while export value has increased by NOK 476 million, or 2 per cent.

In March and April, exports of Norwegian salmon to France declined by 11 and 12 per cent respectively. In May, this negative trend turned, and export volume increased by 4 per cent, to 8,976 tonnes. ...MUCH MORE
And June 2:
China tells state firms to halt purchases of U.S. soybeans, pork
China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter told Reuters News Agency, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing....MORE