Perfect storm on salmon prices – highest since June

News
1210

Storms in Northern Norway paired with the highest demand of the year before Christmas.

“I heard about three to four kroner up earlier today, but haven’t done anything yet,” says a salmon processor about the price level to SalmonBusiness.

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.

Others talk about significantly higher prices – more than €7/kg.

“Several refer to very high prices,” says one exporter.

Busy
He tries to be patient – in what is traditionally one of the year’s busiest weeks for salmon exports.

“I do not think there will be little fish next week. There have been some cancellations, but it may not be that much next week. It feels a little fragile,” he continues.

“It has been mostly due to weather – to get fish, primarily in Northern Norway,” he elaborates on the cancellations. “But I don’t think it is so much that it can have a big impact.”

“There are some farmers who have gone out with higher prices. I don’t think they will get it,” he adds.

Highest since June
Purchase prices, paid to salmon farmers, are now the highest in half a year.

“It’s a big week before Christmas. Some industry players are running pretty strong next week,” says a buyer. “That said, nobody knows where we are going when we come to Monday and the midweek fish should be sold.”

SalmonBusiness’ seven industry sources point to the following price levels for salmon to be delivered to the market this week:

  • 3-4 kg NOK 61-63 (€6.1-6.3)
  • 4-5 kg ​​NOK 63-65 (€6.3-6.5)
  • 5-6 kg NOK 66-68 (€6.6-6.8)
  • 6+ kg NOK 68-70 (€6.8-7.0)