Massive slump in salmon prices

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Below 50 NOK (5.3 EUR) per kilo.

“It’s not settled yet, but the prices might drop down to around 50 kroner (5,3 EUR) per kilo, an importer told SalmonBusiness.

Facts

Salmon Business 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 fish 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.

The prices have been falling since Wednesday, and the importer told Salmon Business that there is a lot of unsold fish in the market.

Exporters who talked to SalmonBusiness revealed even lower pricer than 5,3 EUR per kilo.

“Salmon between 3-6 kilo are being sold for 47-49 NOK (5-5.2 EUR)”, an exporter told Salmon Business.

“It won’t surprise me if prices fall below 50 NOK (5.3 EUR) for 3-4 kilo”, another exporter told SalmonBusiness.

Many have still not done any business. Therefore, it is difficult to determine concrete prices for the upcoming week.

However, we are witnessing a considerable price fall.

“It has been very turbulent and confusing. A lot of unsold fish affected the prices today”, a third exporter told SalmonBusiness.