Minor salmon price increase for the first week of 2019

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Salmon is traded for over EUR 6 the first week of January.

“A little notch up. We’ll see next week how much harvesting there will be,” says an exporter about next week’s salmon price.

“There are three harvesting days next week. We’ll see how much fish that actually comes out. As it looks now, it is mostly stable. And that’s okay.”

Facts

Every Friday after lunch, SalmonBusiness reports up 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.

“Stable to a bit up, I would say. But there is not so much landed yet,” he notes.

Cold Storage
A price level over six euro makes the sales job more demanding than it has been earlier this fall.

“It’s stable prices. There are more fish coming. Customers are reluctant. It is difficult to sell at that price,” says another exporter.

At the same time, buyers are pending to enter into fixed-price contracts.

“Although there is strong currency (NOK/EUR), customers will have EUR 6.2-6.30 (delivered to  the market), which corresponds to NOK 59 paid to the farmer. Here is a lot of frozen fish in stock. It is packed in Tromsø, 16,000 tons of salmon and whitefish, it is packed in Fredrikstad and Måløy terminal,” he points out.

Low harvesting 
SalmonBusiness’ industrial sources refer to the following farmgate prices for fish to be delivered the first week of 2019:

  • 3-4 kilos NOK 60-62 (€6.0-6.2)
  • 4-5 kilos NOK 63-64 (€6.3-6.4)
  • 5-6 kilos NOK 65-66 (€6.5-6.6)
  • 6+ kilos NOK 70  (€7.0)

“There can’t be such big differences. Here is not so much volume. We’ll see what we get,” one trader says.

“Up two kroner (€0.2), another trader says about next week’s price. He rules that it is possible to buy at the same prices as last Friday.