High harvesting activity sends salmon prices down to the lowest levels of the year

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With late summer’s intense feeding, the slaughter volumes increase. And the salmon price falls back.

“We will probably be more towards the mid-40s (between EUR 4 – 5). It is a little early to say exactly, but we are closer to NOK 45 (€4.6) than we are NOK 50 (€5.2), one salmon trader said to SalmonBusiness.

He confirms that there are high fish volumes for sale.

Facts

SalmonBusiness collects spot prices for salmon every Friday after lunch. These are fish to be delivered the following week. Here we contact several members of the value chain, including farmers, exporters and importers. We always have at least five independent sources, although not all sources are necessarily displayed on print. We vary which sources we use, and do not use the same sources each time.

“Yes, it’s intense. Intense.”

A knock down
Phone calls SalmonBusiness has done after lunch Friday shows the following price level for salmon to be delivered next week:

  • 3-4 kilos NOK 44-45 (€4.5-4.6)
  • 4-5 kilos NOK 45-46 kroner (€4.6-4.7)
  • 5-6 kilos NOK 46-48 kroner (€4.7-4.9)

That means a knock down for the salmon price from last Friday.

“As it looks, this is where it ends,” said an exporter, adding: “It’s no more than a NOK or two down from last week.

Integrated
The unknown factor, as several sources points out, is how much fish the large and integrated salmon farmers are pushing through their own export and processing outfits.

“The majors drive a lot through their own systems. Some of them have quite some activity now,” the exporter added.

An Eastern European buyer confirmed the price reduction.

“It sounds right. It comes from large volumes,” he said.