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Norway nets record seafood export sales
Yahoo Finance· 2026-01-08 10:51
Core Insights - Norway achieved record seafood export sales in 2025, with total exports reaching 2.8 million tonnes valued at Nkr181.5 billion ($17.9 billion), marking a 4% increase from 2024 [1] - Salmon exports were the primary contributor, with 1,414,909 tonnes exported worth Nkr124.7 billion, a 2% increase in value from 2024 [1] Export Markets - The US accounted for 9% of total exports, the highest share since 1989, although tariffs introduced in April and August raised duties on Norwegian seafood to 15% or more [2] - Exports to the US surged by 55% in Q1 2025 compared to Q1 2024 but saw a 1% decline in Q4 2025 [2] - Poland remained the largest single market in Europe for the 12th consecutive year, despite Europe's share of export sales in value terms decreasing from 67% to 63% [4] Growth in Specific Markets - China experienced the highest value growth, with exports rising 59% to Nkr12.3 billion, moving from sixth to third place in 2025 [4] - Salmon exports to China were valued at Nkr8.1 billion, with volumes increasing by 99% year-on-year to 90,906 tonnes [4][5] - The volume of salmon exported to China was twice as high as the previous year, driven by strong demand and a shift in purchasing patterns [5] Other Seafood Categories - Trout farming also performed well, with Norway exporting 86,903 tonnes of trout worth Nkr7.4 billion in 2025, reflecting a 16% increase in volume and a 10% increase in value [5]
How Climate Change Affects Vietnam's Rice Fields
Bloomberg Originals· 2025-12-01 18:33
Climate change has hit hard here. Rice has dropped from three harvests a year to just one during the rainy season when there's enough fresh water to flush out the sea. So the rest of the year, the family have come up with an ingenious idea with what to do with those salty flooded fields.Fewer rice crops might sound counterintuitive, but putting both rice and prawns in together means that Hong can still use her fields all year round rather than just the rainy season. And even better, the waste from the prawn ...