Marginal price decline for the first May salmon

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After staying stable for five weeks, the salmon price will weaken somewhat for the next week.

“Everyone I talk to says it’s difficult, especially on the biggest fish. There will be a little more volume next week. And then you get a lot of offers on big fish from Chile. Qutite an inventory has been built in Chilean freezers,” says a trader to SalmonBusiness.

“The general picture is that it will go down,” he summarizes. 

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.

“I hope to close at 49 kroner (EUR 4.4), says one fish farmer. “Big fish there is in lower supply – not so much pressure there.”

In that case, it is down 20 cent/kg from the spot price that has been flat as a ruler since the end of March.

“There is a small step down,” says one exporter. “Slightly better at 6-7 and 7-8 (kg) than before. There is a quite a few flights going now [to Asia],” he says.

“But there are no highflying prices in sight, as I see it. We have the customers we have and it’s hard to sell anything more. It is probably a little too heavy harvesting compared to the market demand, which is probably why the price is so pressed too.”

“Next week is a full week of harvesting. Then it will be down if it is the same volume as this week,” a trader points out. “I see that growth and feeding are higher, but farmers still have the flexibility to await harvesting,” he says.

SalmonBusiness’ five industry sources refer to the following farmgate price levels for salmon to be delivered the coming week:

  • 3-6 kg NOK 47-50 (EUR 4.2-4.5)
  • 6+ kg NOK 45-46 (EUR 4-4.1)