Downward pressure, but the price party goes on

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Limited supply and harvest days secure high price levels next week

“There was a correction on Monday or Tuesday. The price has been down at 73 to 74 kroner (EUR 7.65 to 7.76), and then came a Friday, and sales of the day’s harvest went up nicely again. The buyer corps is nervous. One’ll try to buy now at the mid-70’s — 74 to 76 kroner (EUR 7.76 to 7.97) on the main (fish) sizes,” an exporter tells SalmonBusiness.

“But little has been done,” he adds.

All-in
“Higher than that is coming,” a rival exporter says. “If it ends up a 76 kroner, then I’ll be all-in. But, I’m not getting a hold of any right now,” he says, adding that 76 to 78 kroner (EUR 7.97 to 8.18) on the 3-6 (kilogram sizes) is a reasonable price.

The price range is along the lines of what the buyer at a salmon smoker has been observing.

“There’s a bit of unsold fish from this week. I’m thinking either the same price as last Friday or a little lower,” he says, recalling that fish were sold last week at between 78 and 80 kroner (EUR 8.18 to 8.39).

Erratic
“I’m also hearing 82 kroner (EUR 8.59) in Oslo,” a trader says. “It’s erratic. I think it’s a little negative from last week. The market won’t be able to hold this high price for long, I believe. That’s my take, anyway. But, then there’s obviously little fish that’s helping it stay up nicely just the same.

“It’s a difficult market. Lots of unsold fish. Customers are getting offers to buy at EUR 7.70 (FOB). The (Norwegian krone’s) taken a dip, from 9.70 to 9.50 (per euro),” another trader commented.

“Everyone’s trying at 77 to 78 kroner (EUR 8.07 to 8.18), but only a few customers are paying that price. There are few fish, they say, but there’s sure as heck not a lot of clients that are paying the price, either. Customers are saying they can use more fish. “We don’t have orders,” they’re saying.”