Salmon stocks expected to fall after new US tariffs.
SpareBank 1 Markets analyst Knut-Ivar Bakken expects a negative market reaction for salmon farming stocks following the introduction of new US tariffs on Canada, Mexico, and China, according to a report by Dagens Næringsliv.
The United States accounts for approximately 23% of the global salmon market, making it a key export destination for major producers. Both Grieg Seafood and Mowi operate in Canada, where around two-thirds of production is exported to the US, Bakken noted.
While the immediate impact will be on Canadian producers, Bakken’s primary concern is the potential escalation of trade tensions, which could see the US impose tariffs on salmon imports from the EU or Norway.
Investors are now watching for further developments, particularly regarding any expansion of US trade measures to include Norwegian or European salmon exports.
