Despite enormous spot price pressures due to Covid-19 turbulence, the farmed salmon sector is considered a "safe haven" in this time of general economic uncertainty, DNB Markets Equity Analyst Alexander Aukner said during IntraFish's Seafood Outlook 2020 Digital Event.
"We expect a V-shaped recovery for the food industry, despite a potentially U-shaped recovery for the economy as a whole," Aukner said.
While spot prices have dropped significantly, the volume of exports from Norway surged 24 percent year-on-year in week 11 due to the hoarding effect of getting goods into the European Union.
