The blow dealt by the Russian veto on food products exported from the EU., U.S.A., Canada or Norway has not prevented salmon products in the latter country to close August on a positive note, increasing the volume of their exports by 11%, with a total volume of 85,000 tonnes, adding 565 million dollars, meaning a 3% increase in terms of the same period last year.
These figures are particularly significant when taking into account the fact that Russia is the main market for Norwegian aquaculture products. In fact, since the Russian veto came into force on 7th August last, the export value of Norwegian sea produce to Russia fell by 82%, in comparison with August of last year.
The growth in exports of Norwegian salmon in the course of last month is a true echo of the fact that worldwide demand for salmon is strong, giving the Norwegian salmon industry the chance to adapt to the new international trade scenario in which we find ourselves since Russia’s bans were made public.