Catch fee shortfall expected to reach 80 million kroner in Norway’s national treasury

Both transportation and sales have been factored into the production costs, as companies determine biannual expenses that the catch fee is based on.

This, combined with the low international salmon prices, has resulted in minimal revenue from the catch fee for much of this year, with the fee remaining at just 0.5 percent.

Companies are now responsible for setting their own production costs biannually. This cost was previously set at 32 kroner, but has since risen to 52 kroner.

The difference between the salmon price and production costs dictates the percentage of earnings collected through the catch fee.

The income from the catch fee is significantly lower than expected, with an anticipated shortfall of 70-80 million kroner for the national treasury this year, compared to what was calculated in the budget. Last year, a deficiency of 90 million kroner was noted.

The reason for this shortfall is that production costs have exceeded international salmon prices for a large portion of the year.

The catch fee was a topic of discussion during a recent morning segment.

Listeners can access the full broadcast here.