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Aug 25, 2014 (newstodate): As the tide has turned against Norway's exporters of salmon to the Russian market, another North Atlantic producer is seeing sales prospects booming.
Though part of the Danish kingdom, the self-governing Faroe Islands are exempt from the Russian import ban introduced a few weeks ago.
Faroese producers are therefore being massively targeted by inquiries form Russian importers, according to trade media.
Russia annually imports up to 180,000 tonnes of fresh salmon and trout, in addition to another 100,000 tonnes of frozen salmon and trout.
Of these totals, Norway normally accounts for about 75 percent of the import of fresh salmon, or about 102,000 tonnes in 2013, as well as 24,000 tonnes of fresh trout.
Compared to this, the Faroese production is still more modest at 65,000 tonnes in 2013, but this is to rise also spurred by high consumer prices in the Russian market.
Though part of the Danish kingdom, the self-governing Faroe Islands are exempt from the Russian import ban introduced a few weeks ago.
Faroese producers are therefore being massively targeted by inquiries form Russian importers, according to trade media.
Russia annually imports up to 180,000 tonnes of fresh salmon and trout, in addition to another 100,000 tonnes of frozen salmon and trout.
Of these totals, Norway normally accounts for about 75 percent of the import of fresh salmon, or about 102,000 tonnes in 2013, as well as 24,000 tonnes of fresh trout.
Compared to this, the Faroese production is still more modest at 65,000 tonnes in 2013, but this is to rise also spurred by high consumer prices in the Russian market.