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    Home > Food News > Food Articles > The volume and price of Norwegian cold water shrimp are rising, and the market is expected to continue to rise

    The volume and price of Norwegian cold water shrimp are rising, and the market is expected to continue to rise

    • Last Update: 2021-12-24
    • Source: Internet
    • Author: User
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    According to statistics from Norges Rafisklag, the Norwegian sales agency, the production of cold-water shrimp from the Barents Sea reached 23,104 tons from the beginning of this year to the beginning of December, an increase of 53% over the same period of the previous year, reaching the highest level since 2018
    .
     
    The average first-hand price in the Norwegian market was NOK 24.
    85/kg ($2.
    74/kg), an increase of 11% year-on-year, but lower than the prices in 2018 and 2019
    .
     
    Earlier on the North Atlantic Forum, Synne Guldbrandsen, head of Norges Rafisklag, mentioned that the cold-water shrimp production season in 2021 has been postponed compared to last year because Norwegian fishing vessels are more interested in the quotas for haddock and pollock
    .
    After experiencing the downturn in 2020, Norwegian production will gradually increase in 2021
    .
     
    Christian Nordahl, general manager of the Norwegian processing company Stella Polaris, told UCN: “The supply chain of Norwegian core product shelled cooked shrimp has increased since March, which is significantly better than the lowest level in 2019.

    But we don’t think the market will stop because of this, and prices need to go further.
    Go up
    .
    "
     
      In addition, Norway and the United Kingdom signed a free trade agreement to gradually reduce tariffs in the next few years.
    Norwegian Arctic Shrimp is expected to occupy more shares in the British market
    .
    According to the agreement, tariffs will be reduced from 7.
    5% to 5% for the parts exceeding the duty-free quota from this year; next year, the duty-free quota will be 1,560 tons, and the tariff for the excess part will be reduced to 2.
    5%; and zero tariffs will be implemented on January 1, 2023
    .
     
      The average first-hand price in the Norwegian market was NOK 24.
    85/kg ($2.
    74/kg), an increase of 11% year-on-year, but lower than the prices in 2018 and 2019
    .
     
      Earlier on the North Atlantic Forum, Synne Guldbrandsen, head of Norges Rafisklag, mentioned that the cold-water shrimp production season in 2021 has been postponed compared to last year because Norwegian fishing vessels are more interested in the quotas for haddock and pollock
    .
    After experiencing the downturn in 2020, Norwegian production will gradually increase in 2021
    .
     
      Christian Nordahl, general manager of the Norwegian processing company Stella Polaris, told UCN: “The supply chain of Norwegian core product shelled cooked shrimp has increased since March, which is significantly better than the lowest level in 2019.

    But we don’t think the market will stop because of this, and prices need to go further.
    Go up
    .
    "
     
      In addition, Norway and the United Kingdom signed a free trade agreement to gradually reduce tariffs in the next few years.
    Norwegian Arctic Shrimp is expected to occupy more shares in the British market
    .
    According to the agreement, tariffs will be reduced from 7.
    5% to 5% for the parts exceeding the duty-free quota from this year; next year, the duty-free quota will be 1,560 tons, and the tariff for the excess part will be reduced to 2.
    5%; and zero tariffs will be implemented on January 1, 2023
    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

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