Modest price increase, but still a lot of fish available in the market

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Summer holiday at European major salmon buyers dampens further price increases.

“There is some increase, but not much,” says a trader about the salmon price.

“Here are plenty of fish, still holiday in Europe and building of inventories in Poland. Some would say it’s a bit low prices, but it’s the buyer’s market. There is no doubt about that,” he adds.

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 in print. We vary the sources we use and do not use the same sources each time.

Small deviations
“Stable at 2-5 kilograms, slightly up at 5-6 kilograms. 6+ live their own lives,” says a salesman at a fish farming company to SalmonBusiness.

There are not large deviations in prices in the different weight classes among the sources SalmonBusiness talked to Friday. Even though there is a slight rise in prices, a lot of fish is still traded below €5 per kilogram – close to the lowest levels of the year.

Leftover
“It’s a little up from what I had this week. Surprised that there is a lot of leftover fish from this week. Holiday at Thursday in many markets also affects [the price],” notes a buyer.

SalmonBusiness’ industry sources indicate the following farmgate price, for fish to be delivered next week:

  • 3-4 kilograms NOK 45.50-46 (€4.5-4.6)
  • 4-5 kilograms NOK 48-49 (€4.8-4.9)
  • 5-6 kilograms NOK 53-55 (€5.3-5.5)
  • 6+ kilograms NOK 63-64 (€6.3-6.4)