Increased harvesting volumes reduce next week’s salmon price

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Price drop for the fourth week in a row.

“It is a difficult market. Customers will not take positions. And there are more fish to come,” said a buyer to SalmonBusiness.

Unknown terrain
He is concerned about the price development as harvest volumes increase seasonally throughout the late summer and autumn. The fear of the corona is definitely not gone from the market.

Facts

Every Friday after lunch, SalmonBusiness report spot prices for salmon. These are 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.

“We have had such low volumes that it has gone well. The restaurant market is very little present. We have probably taken it a little lightly. We are entering an unknown terrain,” he believes.

Salmon spot prices seem to weaken by EUR 0.2-0.4 for the most traded weight classes.

“Prices have been under pressure all week. It is a decline. Overseas markets are under pressure,” said an exporter.

Reduces purchases
The big talk in the salmon market, however, is that the world’s largest salmon buyer, the Polish processing giant Morpol, has reduced its purchases significantly. SalmonBusiness has repeatedly tried to get a comment on this – both from Morpol and its owner, Mowi.

According to our industrial sources, next week’s farmgate prices are:

  • 2-3 kg NOK 30 (EUR 2.8)
  • 3-4 kg NOK 37-40 (EUR 3.5-3.7)
  • 4-5 kg ​​NOK 40-42 (3.7-3.9)
  • 5-6 kg NOK 43-46 (EUR 4.0-4.3)
  • 6+ kg NOK 50 (EUR 4.7)