Salmon price falls amid hesitant buyer concerns

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Price fall after two weeks of increase.

“I know the feeling. Nobody has done anything. The price is going down,” said a buyer to SalmonBusiness. “5-6 [kilogram] is a joker – whether it’s going to industry in Europe or packed for air freight to Asia.”

While the buyer side is awaiting, unsold fish are still being offered.

“Today it’s a little more difficult than it has been in the last few weeks. There is some resistance. I think we’re going to cut a little,” an exporter said about the salmon price. “The biggest fish I think will come down a little more – it will probably weaken slightly more than 3-6.

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.

Especially the heaviest fish price falls back.

“I have the impression that it is down all over,,” said a porcessor’s buyer. “Yesterday and today we have received a lot of offerings for fish unsold for this week. It indicates decline; down NOK 2-3 on 2-5, down NOK 5-6 on 5+.”

“These are the offers we receive. At the industry (in Europe) you will not get the prize premium for the big fish.”

Industrial sources SalmonBusiness have talked to after lunch Friday shows the following farm gate prices for next week’s deliveries:

  • 3-4 kilograms €5.5-5.7
  • 4-5 kilograms €5.6-5.7
  • 5-6 kilograms €5.8-6.2
  • 6+ kilograms €6.6-6.7 in Europe, over €7 in Asia

“Here are still unsold fish – in all sizes, so it will not be far from the prices there,” said an exporter.

Some of the buyer interest has disappeared as speculation buys for salmon freezing have decreased after the recent weeks’ price rise.

“We have not sold anything and are currently not harvesting much,” said a seller at a big fish farming company. “For 6+ to the right markets, such as China, I think we’ll be able to keep it stable.”

“It is quiet. Those who built stock and froze fish when prices rose to the (NOK) 60’s, have calmed down. Eastern Europe is more moderate on export statistics,” he added.