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Historically High Cod Exports For August

Cod Haddock Sustainability +6 more

NORWAY - Exports of cod, including dried and salted fish, in August were a total of 915.7 million dollars, an increase of 182 million or 25 per cent from August last year, reports the Norwegian Seafood Export Council (NSEC). Never before has the value of cod exports been higher, neither for the month of August or for the reporting period.

The reason for the sharp increase in export value was mainly due to strong demand for frozen whole cod, saithe and haddock in combination with increased prices for dried cod, says market analyst Kjell-ge Rognli at NSEC.

Clipfish Exports totaled 299 million in August, an increase of 17.7 per cent or 45.2 million from the same month in 2010.

Overall, exports of 7,870 tons of dried fish in August were 455 tons more than the same month last year. Clipfish of cod have had a value increase of 37.6 million kroner to a total of 155 million, while dried fish from saithe increased by 3.1 million to 106.6 million crowns.

Portugal was the biggest importer of dried cod in August, receiving 113 million, an increase from the same month last year at over 65 per cent. Measured in volume, amounting 2,350 tonnes, this was an increase of 43.8 per cent from August 2010.

Export record for frozen whole

Exports of frozen whole cod from fisheries totaled 255 million in August, an increase of 81.7 per cent or 114.7 million compared to the same month in 2010. This is a new peak for the month of August.

Frozen whole haddock increased the most with an export value of 96.7 million in August, an increase of 181 per cent or 62.4 million from the same month last year.

Also frozen whole cod and saithe proceed with a value increase, respectively 108 per cent and 80 per cent. Frozen fillets of cod increased 23.3 million in August to a total of 87.8 million.

Exports of whole fresh fish from fisheries increased by 3.5 per cent from the same month last year, and totaled 95.3 million respectively.

Fresh whole haddock has a value in the period of more than 14.3 per cent or 2.6 million to a total of 21.5 million kroner. Fresh whole cod decreased by 2.7 per cent to total 17.8 million NOK.

Reduction of aquaculture

From aquaculture exports were 14.1 million in August and there was a reduction of over 50 per cent from the same month last year. Fresh whole cod was virtually alone for the decline with a reduction of 12.7 million.