SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Norwegian Billion-Kronor Blow as Salmon Exports Plummet

» Updated: 16 July 2024, 14:14

» Published: 03 July 2024

Norwegian Billion-Kronor Blow as Salmon Exports Plummet
Photo: Gorm Kallestad/NTB/TT

The export of fish and shellfish from Norway plummeted by a record amount, down by more than two billion Norwegian kronor to 12.1 billion in June, according to monthly figures from Norway's Seafood Council. Problems with salmon farming are behind the decline.

Norway's Seafood Council refers to "biological challenges" that have reduced production volume and a larger proportion has gone to export as salmon fillets.

Norway is currently the largest in the world in salmon farming and accounts for more than half of the global production of farmed salmon. The export of fish and shellfish is also Norway's largest export industry after gas and oil.

In June, the export volume of salmon amounted to 93,400 tons, which is 4 percent less volume than the same month last year.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Car Sales Boost American Retail Trade
1 MIN READ

Car Sales Boost American Retail Trade

E-commerce giant Alibaba's sales increase
1 MIN READ

E-commerce giant Alibaba's sales increase

The Government Sells – Vehicle Inspection Gets German Owner
2 MIN READ

The Government Sells – Vehicle Inspection Gets German Owner

Systembolaget stops digital ID: "Not safe"
1 MIN READ

Systembolaget stops digital ID: "Not safe"

Sweden moves up from the bottom in the EU
3 MIN READ

Sweden moves up from the bottom in the EU

New signals - it's brightening for China's economy
1 MIN READ

New signals - it's brightening for China's economy

Svantesson: No Exceptions to the Budget
3 MIN READ

Svantesson: No Exceptions to the Budget

Now your X posts can train AI
1 MIN READ

Now your X posts can train AI

Unions secretly issue warnings in Tesla conflict
1 MIN READ

Unions secretly issue warnings in Tesla conflict

Billion Profit for Retail Chain Normal
1 MIN READ

Billion Profit for Retail Chain Normal

Swedish Company Ventures into Internet via Satellite
1 MIN READ

Swedish Company Ventures into Internet via Satellite

Still Subdued Labor Market
1 MIN READ

Still Subdued Labor Market

Drought struck this year's harvest
1 MIN READ

Drought struck this year's harvest

Vaccine manufacturer misses forecast
1 MIN READ

Vaccine manufacturer misses forecast

Nibe is not afraid of Trump's tariff threats
3 MIN READ

Nibe is not afraid of Trump's tariff threats

Stock Market Falls Again - Pharmaceuticals Weigh Down
1 MIN READ

Stock Market Falls Again - Pharmaceuticals Weigh Down

Upward trend on the Tokyo Stock Exchange
1 MIN READ

Upward trend on the Tokyo Stock Exchange

USA may scrap electric car bonus
1 MIN READ

USA may scrap electric car bonus

The US stock market turned down again
1 MIN READ

The US stock market turned down again

Powell: No Rush to Lower Interest Rates
1 MIN READ

Powell: No Rush to Lower Interest Rates