Next week’s salmon prices are strengthening: “We can live with this”

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14th week in a row with salmon prices trading around EUR 4/kg.

“It goes up a bit again,” said an exporter about the salmon price. “The overseas market pays best,” he added. 

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.

“The farmers are trying to raise the price. It’s natural.”

Must pay
There are not major movements to a level of around EUR 4/kg for the most traded weight classes.

“That’s what we have to pay. Then we’ll see if we get it back in the market. It is not a super strong market. If it rises too much, it falls back,” he pointed out.

“But we can live with this. We are in a good mood – it is not raining,” he chuckled.

Prospects for a price increase, of 20 to 40 cents, are repeated by all the sources SalmonBusiness has spoken to after lunch on Friday.

Near break-even
“I have not done much, but I hear it is rising a bit,” said an exporter.

The price level is still close to break-even for some farmers. And on the demand side, the corona spread is lurking.

“It is the corona that rules now. The restaurants are closed. But it does not have much to say, because people do not dare go to restaurants anyway,” said an importer, and added: “It will be difficult, I think.”

SalmonBusiness’ industrial sources refer to the following farm gate prices for fish to be delivered next week:

  • 2-3 kg NOK 35-36 (EUR 3.2-3.3)
  • 3-4 kg NOK 42-44 (EUR 3.9-4.1)
  • 4-5 kg ​​NOK 44-46 (EUR 4.1-4.3)
  • 5-6 kg NOK 47-48 (EUR 4.4-4.5)
  • 6+ kg NOK 50-52 (EUR 4.6-4.8)