Upward trend in salmon prices continues for the second consecutive week.
The spot price for salmon is on the rise, driven by the year’s shortest working week, and is now nearing the record levels seen in spring 2023 when it peaked at NOK 126 per kilo (approximately $11.59/€10.71).
An industry expert provides the following price estimates for salmon deliveries in the upcoming week:
- 2-3 kg: around NOK 100 ($9.20/€8.50)
- 3-4 kg: NOK 115 ($10.58/€9.83)
- 4-5 kg: NOK 120 ($11.04/€10.21)
- 5-6 kg: NOK 125 ($11.49/€10.64)
- 6+ kg: NOK 130 ($11.94/€11.07)
“It’s the highest of the year. I guarantee that,” the expert said, acknowledging the challenge of managing production fish—those with injuries or wounds that require correction before export.
Multiple industry sources confirm the high price levels.
“Everyone should have these few fish,” notes one breeder, highlighting the scarcity of harvest days during the Easter period.
Another source anticipates even higher prices due to the limited harvest days and the presence of surplus production fish.
“In Q1, we saw prices reach NOK 136-138 (delivered Oslo) for 3+. It’s a crazy market. Happy Easter!” said one farmer in a text message to SalmonBusiness.
SalmonBusiness gathers spot prices for salmon every Friday after lunch, tracking fish to be delivered the following week. This process involves contacting multiple entities in the value chain, including farmers, exporters, and importers. At least five independent sources are consulted, though they may not always be publicly disclosed.
