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Atle Willems, CFA is an equity investor with a long-term view investing in undervalued listed shares with solid operational track records and sensible balance sheets.
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EcPoFi - Economics, Politics, Finance
  • A Strong Start To The New Year: Weekly Seafood Update: Norwegian Farmed Salmon Exports, Week 2 2013 0 comments
    Jan 16, 2013 10:29 AM

    Statistics Norway reported an export of 16,237 metric tonnes of fresh/chilled and frozen farmed salmon from Norwegian salmon farmers in week 2, 2013. On a rolling average four week basis volume in tonnes exported was up 10.8% (1,429 tonnes) on the same period last year.

    The weighted average price per kilo for the week was NOK 33.24 and was up 23.7% YoY on a rolling average four week basis.

    The value of exports for the week was NOK 539.773 million, an increase of 34.4% (NOK 118.479 million) on last year on a rolling average four week basis.

    Total tonnes exported continue to increase on last year on a rolling four week average basis and increased for the 87th week in a row. On a rolling average four week basis prices for the week increased for the 13th week in a row on last year with the YoY percentage increase for the week being the highest recorded since week 6 in 2011. The total value of exports hence also continued to increase on last year, driven by an increase in both volume and price, and represented the 33rd week in a row with an increase on last year (on a rolling four week basis). The YoY percentage increase in the value of exports (rolling four week average) increased at the fastest pace since week 5 2011. The trend for quite a few weeks now as previously reported is a slower growth rate in volumes exported and an increase in the growth rate in price and the value of exports.

    For the final Year to Date update for 2012 of Norwegian Farmed Salmon exports (as of week 52), 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 producers.

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