Gentler tides ahead for salmon prices next week

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Two month fall in prices seems to have stopped.

“It seems to me that it’s stability. I do not think there will be any upswing, but it has not been completely done”, said a salmon trader to SalmonBusiness. “The farmers want it up, but the market will not pay”.

There are no major price movements today.

“We expect a little down to 4- [kilo] and slightly up to 4+. But we do not trade 4+ at the moment, said a processor’s buyer, indicating a price of 3-4 kilos of salmon at “plus/minus NOK 50 kroner” (€ 5.2).

That is in line with the price level last Friday.

However, an exporter is seeing marginally lower prices.

“Prices fall a little, especially 1-4 kilos. We see it clearly, there is a lot of small fish coming up. There will be more fish next week”, he pointed out.

Market players SalmonBusiness have talked to after lunch today shows the following farmgate price level.

  • 3-4 kilos NOK 48-50 (€ 5-5.2)
  • 4-5 kilos NOK 50-51 (€ 5.2-5.3)
  • 5-6 kilos NOK 52-53 (€5.4-5.5)
  • 6+ kilos NOK 53-55 (€5.5-5.7)

“If you get the large fish into China, you get better paid,” said an exporter.

“The big ones dominate”, he said about the companies that are slaughtering and selling the most fish at the moment. “And then there are people who freeze and store goods for the fall – because prices are favorable compared to the agreements they have made”.

He added that the salmon seems to grow well in the sea at the time.

“There is less mortality on delousing, healthy growth and favorable sea temperatures”.