Norwegian Salmon Spawn Sevenfold Rise in Massive China Market
Feng Difan
/SOURCE : Yicai
Norwegian Salmon Spawn Sevenfold Rise in Massive China Market

(Yicai Global) Oct. 17 -- Norway's salmon exports grew by seven times in July, Knut R. Sorlie Yicai Global, commercial counselor with the office of state firm Innovation Norway at the country's embassy in China, told Yicai Global.

The Nordic nation's King Harald V started an eight-day state visa to China on Oct. 11, flanked by a delegation of 340 executives from 150 companies spanning the marine, petroleum, fish and seafood sectors.

Beijing lifted its limits on lox from Sor-Trondelag, Nordland and Tromso on July 3. The three counties' production of the farmed fin-rayed fish -- which makes up almost half of Norway's total output -- tops 500,000 tons.

The policy to up its intake of the Norwegian produce came three days before China slammed 25 percent tariffs on many US products, including salmon, which  at USD318 million last year was the biggest seafood category among the United States' exports to China, state China daily reported in July.

Norway also lands arctic cod, mackerel, capelin, redfish and Greenland halibut onto China's shores.

Rainbow trout may now be sold as salmon under a new standard the quasi-governmental China Aquatic Products Processing and Marketing Alliance (CAPPMA) under China's agriculture ministry released on Aug. 10. The new norm has left lox lovers in the midst of an identity crisis and increasingly concerned about origin. This development may thus prove a boon for Norway's notoriously immaculate salmon sector.

The northern kingdom is the world's largest salmon producer and China's largest supplier, online fisheries media Undercurrent News reported in March.

The Scandinavian country's other main exports to China are chemicals, live animals and animal products, and minerals, according to Statistics Norway. Shipments of the three categories rose by 5 percent, 32 percent and 79 percent to USD310 million, USD220 million and USD160 million, respectively, in the first half, with the proportion of each being 251 percent, 18 percent and 13 percent.

Other cooperative opportunities are on offer in the technology, knowledge-based enterprise and healthcare areas, over and above the seafood and maritime fields, Norway's Minister of Trade and Industry Torbjorn Roe Isaksen said.

"Norway and China will strike nearly 40 cooperation agreements during this visit," Sorlie said.

Editor: Ben Armour

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Keywords: Salmon , Norway , Export , Bilateral Trade