The salmon price is holding itself up around the five-euro mark
“It looks like there’s a little unsold fish, 6-pluss in Oslo, that’s holding down all sizes. It’s weighing down 3 to 6 kilo,” the buyer at a smoker told SalmonBusiness. “We see, too, that a little more fish is coming through to the cutting board next week, if the weather doesn’t hit again.”
“So, we see a little downtick. I see a good two kroner down on the main sizes 3 to 6 kg. We’ve bought at that level. It’s still high prices based on supply and demand. I would have thought prices would be lower now,” he added.
Industry sources SalmonBusiness spoke to on Friday refer to the following spot prices for salmon to be delivered next week:
2 to 3 kg, EUR 4.5 to 4.7
3 to 4 kg, EUR 5.2 to 5.5
4 to 5 kg, EUR 5.4 to 5.6
5 to 6 kg, EUR 5.5 to 5.7
6-plus kg, EUR 5.6 to 6.1
“It’s a little early. Fish farmers are optimists. They want more. I think you have to higher up to 6-plus (kg) to get the volume,” a trader commented.
“Those prices there make sense,” commented a salmon farmer’s head of sales.
“I put some onto planes. There have been some logistical challenges lately (like strong winds), but it’s gone okay here in the south. We trailer a lot out to Oslo for fly-out fish. That’s the most secure.
Several sources point to falling currencies as a negative. As we write, Norwegian kroner trade against the key currency, the euro, at 9.57, a marked drop from year-end.
“The currency here is falling. That alone is a krone or two from last Friday. We haven’t set a firm price, yet. The price is on the way down. It’s been under pressure all week,” an exporter said.