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While Peru's cumulative supply increased significantly year-on-year due to its strong anchovy seasons, the rest of the regions analyzed in IFFO's report, including China, showed a decline.

"Access to the Chinese market could make snow crab even more profitable than it is today," said Norwegian Minister of Fisheries and Oceans.

According to the Australian Ministry for Agriculture, Fisheries and Forestry, this resumption will represent a trade potential of over $700 million.

Following a successful private placement, the company has raised NOK 350 million which could increase if it finally decides to carry out a subsequent offering.

The Norwegian company is now ready to offer its Atlantic salmon under the 'Nordic PureAtlantic' brand.

He already worked with the Seafood Council in China and Hong Kong for seven years.