EcPoFi's  Instablog

Statistics Norway reported an export of 17,999 metric tonnes of fresh/chilled and frozen farmed salmon from Norwegian salmon farmers in week 37, 2012. On a rolling average four week basis volume in tonnes exported were up 14.8% (2,217 tonnes) on the same period last year.

The weighted average price per kilo for the week was NOK 27.01 and was up 3.7% YoY on a rolling average four week basis.

The value of exports for the week was NOK 486.133 million, an increase of 19.1% (NOK 77.615 million) on last year on a rolling average four week basis.

Total tonnes exported continue to increase on last year and prices, starting last week, are now also increasing on last year. The total value of exports therefore also continue to increase on last year and the percentage increase for the week was the highest reported for 73 weeks. The percentage increase in tonnes exported as of this week (rolling four week basis) was again lower than that reported last week, but the increase is still substantial. For the second week in a row, the average price per kilo increased on last year (rolling four week basis). As stated last week, as prices fell rapidly at this time last year and assuming no sudden collapse in prices over the coming weeks, prices should continue to show an increase on last year in the weeks to come. The value of exports increased YoY for the 16th week in a row (on a rolling four week basis).

For a Year to Date update on Norwegian Salmon exports (as of week 33), please go here.

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Additional disclosure: I have long positions in some of the Norwegian farmed salmon exporters.