Gradually increased sales volumes, but the price of salmon stays close to €10/kg

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The average price remains stable, although there are variations on some individual sizes.

– We notice some resistance. We are a couple of kroner down from last week, says a buyer to iLaks. – More and more fish have just appeared from the big ones. They have found more and more cars throughout the week. Next week, more fish will start to arrive – a new generation and some ISA slaughter still.

Facts

Every Friday after lunch, SalmonBusiness reports spot prices for salmon - fish to be delivered the following week. We contact several links in the value chain, including farmers, exporters and importers, and always have at least five independent sources, although not all sources are necessarily displayed. We vary the sources we use and do not use the same sources each time.

However, large price changes are not to be traced.

“5+ [kg] I think is fine. There is more pressure on 2-3, 3-4 and partly 4-5. We think we will pay 96-98 kroner (EUR 9.2-9.4) for 3-4, 99-101 kroner (EUR 9.5-9.7) for 4-5 and 107-108 kroner (EUR 10.2-10.3) for 5-6. 6+ is probably 115 kroner (EUR 11),” he says.

“We see that there will be more and more volume in the weeks ahead. But if we see 90 kroner (EUR 8.6), instead of 100 kroner (EUR 9.6) in July, there are still damn good prices.”

Well informed
The message is repeated from other market participants:

“There is little fish in the spot market, more fish available from the big ones [fish farmers]. The volumes are small, but the price is pushed every week. The market is very well informed about what is happening in Norway,” says a trader.

“The market has got its way. There are large movements on individual sizes. We have not bought anything, but are careful.”

“Little fish. But it’s a damn slow market. It has gone down a bit,” says an exporter about the price. “Almost full stop on air freight. Customers have a very hesitant attitude in Asia.”

Quiet
“It is probably between between 95 (EUR 9.1) and 102 kroner (EUR 9.8). There is pressure. We have fewer and fewer customers. There are not enough customers who pay the top price,” he points out.

At the same time, he is looking forward to increased access to slaughter fish.

“It increases a little. Coming more and more in the weeks ahead. We see that clearly,” he says about sales volumes. “But it is incredibly quiet in the spot market. There are a lot of contracts running. Large price differences in the different markets. Some customers take the prices, others say “no thank you” and do not take the chance.”

He notes that the price has been around or over 100 kroner (EUR 9.6) per kilo for three straight months.

“But we have to say that it is fantastic that the price is so high. We rejoice on behalf of the farmers. I am impressed that the market has taken the high prices for so long. It’s absolutely amazing.”

“No one expects low prices in the future. That time is over. Those who expect low prices, below 70 kroner…. I do not believe in that. So the optimism is great.”