Increased harvest volumes send salmon price down

News
493

Spot prices fall back for the second week in a row.

“That’s right,” says a fish exporter to SalmonBusiness. “It is between NOK 62 and 63 (€6.2-6.3) at 3-4 (kilograms), and then there is a krone up on the sizes – NOK 63, 64, 65 (€6.3, 6.4, 6.5).

“I don’t believe much fish have been traded for the time being. It is very quiet”, he adds.

The salmon is currently primarily sourced from fish farms in southern Norway. 

Facts

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

“This week there has been a lot from the south. I do not believe in very high volumes next week, but the price is high. Demand is not there at these levels,” he says.

There is no doubt that the prices go down today.

“It’s a sharp price decline,” says a processor manager.

“There is much more fish next week. Yes, that’s what they’re talking about, but I think it [the price level] is also high. I don’t think people buy with both hands. Here is a lot of fish coming up.”

He does not believe in high-flying prices, neither today nor beyond spring.

“I bought at NOK 65 (€6.5) this week, and expect to pay less for next week, he says,” adding: “It is no wonder DNB has reduced its price estimates.”

Buyers are in no hurry to place their orders.

“It is pending, but more than a small decline,” a trader says.

“It’s a completely different harvesting activity next week. If one looks at the volume to be slaughtered next week, and compares it with the price levels of the same harvesting volumes earlier, it is surprising if the market only accepts a small price decrease,” he says, and refers to a price decline of around NOK 5 (€0.5)- to approximately NOK 63 (€6.3) on average.