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Jun 22, 2016 (newstodate): Despite a temporary cap on the production capacity of Norway's salmon farmers, the volume of salmon exports is still rising.
-There are natural, seasonal fluctuations in the salmon production and the size of the fish is currently still below measure and it will take some weeks before production is back to normal. Another factor working against the Norwegian salmon exports right now is the strong Norwegian currency, says Torgil Stig Wenzel, GPC Managing Director.
-On the other hand, the Chilean production is still hampered by a salmon disease, giving Norwegian exporters a temporary advantage in the US market.
-Still, we are seeing growth in the uplift of Norwegian salmon to the global marketplace, not least driven by the availability of cargo capacity out of Norway.
-We are thus happy to see Korean Air Cargo adding a fourth weekly freighter service from Oslo to South Korea from June 9, 2016, and the capacity on Norwegian and other carriers, including belly cargo capacity, is also driving the positive growth.
-In 2015, volumes handled by GPC grew by 43 percent to 86,000 tonnes, and while expectations for 2016 were rather restrained from the start of the year we have actually seen all-time high loads in April 2016, and so far into 2016 the over-all growth is between four and five percent, y-o-y, boding rather well for the full-year figures, says Mr Wenzel.
-There are natural, seasonal fluctuations in the salmon production and the size of the fish is currently still below measure and it will take some weeks before production is back to normal. Another factor working against the Norwegian salmon exports right now is the strong Norwegian currency, says Torgil Stig Wenzel, GPC Managing Director.
-On the other hand, the Chilean production is still hampered by a salmon disease, giving Norwegian exporters a temporary advantage in the US market.
-Still, we are seeing growth in the uplift of Norwegian salmon to the global marketplace, not least driven by the availability of cargo capacity out of Norway.
-We are thus happy to see Korean Air Cargo adding a fourth weekly freighter service from Oslo to South Korea from June 9, 2016, and the capacity on Norwegian and other carriers, including belly cargo capacity, is also driving the positive growth.
-In 2015, volumes handled by GPC grew by 43 percent to 86,000 tonnes, and while expectations for 2016 were rather restrained from the start of the year we have actually seen all-time high loads in April 2016, and so far into 2016 the over-all growth is between four and five percent, y-o-y, boding rather well for the full-year figures, says Mr Wenzel.