This report is a contribution in describing the Norway-Portugal dried and salted cod value chain. Key factors in focus have been production, processing, transportation and final consumption. The value chain is affected by regulations, market structure and fluctuating exchange rates. The relationship between ex-vessel price and export price has been investigated, showing a positive correlation. Through the period from January 1990 to March 2011, the ex-vessel price has remained relatively stable compared to export price.
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