Norwegian salmon stocks rose on Friday after a broad political consensus was reached to postpone major changes to the licensing system for several years. This was reported by Bloomberg News.

Salmar climbed 2.4 percent, Grieg Seafood rose 1.3 percent, Mowi increased 2.1 percent, and Lerøy Seafood was up 3.1 percent. According to Pareto Securities, the agreement means that the current rules with the so-called "traffic light system" will remain in place for two to four years, while the authorities gather more data to design a new regulatory framework. "We welcome the initiative for a fact-based debate and believe that reduced regulatory pressure should be positive for the sector's valuation," writes analyst Henrik Longva Knutsen.

The Oslo Stock Exchange is closed today, Monday.

Norway's traffic light system for the salmon sector is a government policy tool that regulates the growth of offshore salmon farming based on environmental impact, particularly the impact on wild salmon stocks through salmon lice. The farming coast is divided into different areas, marked green, yellow, or red, depending on the environmental impact of salmon farming.

The system was introduced in 2017 and is updated every two years. It has been criticized by the industry for being too blunt and unpredictable.