One Salmon Costs More Than Barrel of Oil as Slump Deepens: ChartBy
Odd things happen during selloffs.
Western Europe’s biggest oil producer is suffering from the collapse in crude prices. But another top commodity export in Norway, salmon, is fetching record-high prices because of low supplies and a weak currency. As the seafood-industry news site iLaks.no reported this month, oil has fallen so low and salmon risen so high that one standard, 4.5 kilogram fish now costs more than a barrel of crude, measured in kroner.
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