A major investor from the land of the vikings said China would be the next big fish market to be conquered by Norwegian salmon. “China is too big to ignore,” Hogne I. Tyssoy, portfolio manager of the Holberg Triton fund, said in an interview in Oslo. “Now when it’s opening again, Norwegian seafood has an exciting future in China.”…Full Article: China Daily Apr 2017

Key Point

  • In early April 2017, Norway’s Prime Minister visited China and led a business delegation to restore economic/trade relations. A Portfolio Manager from Holberg Triton, an equity fund based in Bergen (southern Norway), was part of the business delegation and sought to promote Norwegian salmon in the Chinese market.

ChinaAg Comments

  • From mid-2014 to March 2015, according to China, 10 shipments of Norwegian salmon originating from three counties (Sor-Trondelag, Troms and Nordland) were found to contain viruses that can cause infectious salmon anaemia (ISA). As of 17 March 2015, the latest detection occurred on 27 February 2015. At the time, it was noted that whole salmon from Norway’s other 16 counties (19 total) would be allowed to enter China starting on 18 April 2015, but only if they are accompanied with sanitary/safety certificates (i.e. free of ISA viruses or salmonid alphaviruses – SAVs).
  • In September 2014, China temporarily banned the importation of whole Norwegian salmon reportedly due to salmon anaemia and its viral variants. Norwegian processed salmon (i.e. no heads, gills, and entrails) was still allowed into China.
  • In January 2011, China agreed to make Scotland its preferred salmon supplier. This occurred shortly after the the Oslo-based Nobel organization awarded the 2010 Peace Prize to Liu Xiaobo, an imprisoned Chinese dissident.

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