New annual low for the salmon price

News
by
Aslak Berge
-
881

Last week’s rise has been washed away.

“We are probably starting to approach NOK 40 again. This is a weakening,” said an exporter to SalmonBusiness.

“And then there will be more fish,” he added.

Last Friday showed spot prices with an average between four and fire euros. Now this hike is reversed.

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.

Customers decide
“It’s going down a lot. The problem is that it is almost impossible to sell fish, and then there is more to come. And it is the customers who decide the price,” said an importer.

“There will be a lot more fish in the next two weeks. Now we get to see the realities.”

The announcements of a price drop are widespread.

“What went up this week fell back. We figured it out right away,” said one trader.

Pressure
“There is pressure on all sizes, 4-5 kroner (EUR 0.4-0.5) down on average. And then some fish are frozen, both in Norway and elsewhere, so that they can process the fish in December. And that can put pressure on the price,” he said.

“We are facing a tougher period. But we can deal with that.”

SaalmonBusiness’ industrial sources refer to the following farmgate prices for salmon to be delivered  the coming week:

  • 2-3 kg NOK 32-33 (EUR 3.0-3.1)
  • 3-4 kg NOK 40-42 (EUR 3.8-4.0)
  • 4-5 kg ​​NOK 43-44 (EUR 4.1-4.2)
  • 5-6 kg NOK 45-46 (EUR 4.3-4.4)
  • 6+ kg NOK 49-51 (EUR 4.6-4.8)

 

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