Price increase from tighter supplies

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After four weeks of stability, salmon prices rise again.

“The price going up a bit. 1-2 kroner. The supplies of the biggest fish is coming down – it’s normal for the season,” says a salmon trader to SalmonBusiness.

At the same time, he points to risks at the buyer side.

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.

“There is uncertainty due to the severe heat down in Europe, and we are entering a somewhat quieter time usually due to vacation time in Europe now in August”.

High volumes
He points out that prices have been stable for four straight weeks – and this has facilitated high export volumes.

“It has been good for everyone”.

One exporter has already bought and sold salmon – at rising prices – today.

“It seems like there was low supplies this week, but next week some slaughterhouses will start up again. It is a general impression that prices will rise by two to three NOK,” he says.

A snap up
The industrial sources SalmonBusiness have talked to today shows the following farmgate salmon prices for the coming week:

  • 3-4 kilos NOK 50-52 (€5.2-5.4)
  • 4-5 kilos NOK 52-55 (€5.4-5.7)
  • 5-6 kilos NOK 55-57 (€5.7-5.9)
  • 6+ kilos NOK 60-62 (€6.3-6.5)

An exporter nods affirmative at this price level.

“It sounds like it’s in that area, even though I have not fixed anything yet. A small increase from last Friday,” he says before adding: “The heat wave reported next week may have an impact on demand”.

Good demand
Also a processor’s buyer confirms the mentioned price level.

“It’s consistent with what I’ve heard. It has not been done so much, but it is these prices they are asking for now, the farmers”.

“It was a bit surprising. That means that there is good demand in the market”.