New hit as salmon price has fallen 25% in two weeks

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Slow buyer interest as the salmon price falls back.

“I hear low 50s, but also hear 55 to 60 kroner (EUR 5.5-6.0), which I think is meaningless. There are still a lot of downgraded fish,” said an importer to SalmonBusiness, refering to next week’s farmgate salmon price.

“Lower half of the 50s,” said an exporter.

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.

“Somewhere between 50 and 55 kroner (EUR 5.0-5.5),” said another. “There may be a slightly higher price for the larger fish.”

Deep fall
This means a deep fall in prices from last Friday’s spot prices, which were between EUR 6.2 and 6.3 on average. Since the price peak at Easter, the spot price has weakened by around 25 percent.

All industrial sources point out that there is a lot of unsold fish in the market.

“There are a lot of unsold fish. It has been a blood-red week,” said an exporter. “Leftover fish costs less than NOK 50 (EUR 5.0) in Oslo. Customers have burned themselves. Prices became too high before Easter. And then there were less production fish (low quality fish – ed.), or more superior [quality].”

Cheap salmon
“3-4 kg goes for 50 kroner (EUR 5) for next week. 4-5 at 52 kroner (EUR 5.2), 5-6 kg at 53-54 kroner (EUR 5.3-5.4) and 6+ kg at 56 kroner (EUR 5.6),” he said.

This price level is also confirmed by fish farmers.

“I have some cheap salmon I have to sell,” said a farmer and pointed to 3-4 kg prices just over five euros. “56 kroner (EUR 5.6) for 6+ kg,” he added.