Price boom ahead of Easter

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As we approach Easter, the price of salmon is rising.

“Prices in general go up, but a little down 6+ (kilograms). The smokers in Europe need 3-6 kilos for Easter. But there are some festivals nearing in China, so it’s hard to sell there,” a salmon seller at a large fish farming company told SalmonBusiness.

“It depends on which markets one sells in. I mostly deal with the air freight market. Here, 4-6 kilos goes smoothly, but big fish is tougher,” he adds.

Facts

Every Friday after lunch, SalmonBusiness reprts spot prices for salmon. These are fish to be delivered the following week. Here we contact several links in the value chain, including farmers, exporters and importers. We always have at least five independent sources, although not all sources necessarily appear on print. We vary the sources we use and do not use the same sources each time.

“It goes up. Three kroner, maybe four. But here in Norway, farmers wants to pull it even more,” said an exporter before adding: “At these prices we have a soft market. The fresh fish market takes almost any price, but the industry stops.”

“It passes seven euros (cleared and delivered customer in Europe – ed. note) by a good margin. This reduces demand from overseas,” he continued.

SalmonBusiness’ industrial sources refer to the following price levels (packed fish FOB farmer) for next week for the most traded weight classes:

  • 3-4 kilograms NOK 64-66 (€6.6-6.8)
  • 4-5 kilograms NOK 65-67 (€6.7-6.9)
  • 5-6 kilograms NOK 66-69 (€6.8-7.0)
  • 6+ kilograms NOK 67-73 (€6.9-7.5)

“There is an expectation of a price increase into that area,” a trader told SalmonBusiness. “I guess there is a certain Easter demand that turns in. At the same time, there is increased expected harvesting, so it will be exciting to see what the market can handle salmon at these prices.”

“It will be an exciting week, but nothing is set. The overseas fresh market is not particularly vivid at these levels,” he noted.