Price pressure after a five week hike.
“It looks like most customers have not started to buy salmon for next week yet,” says a buyer to SalmonBusiness.
“It’s been a bloody week. It already started on Monday. Five kroner straight down,” says one trader. “There’s a lot of harvesting right now. The industry is soon finished. When the price exceeds 60 kroner (€6) people rather use to take out frozen fish.”
He is impressed by the demand for salmon – over time.
“There is no such thing as Christmas sales anymore. It’s been high for a long time. It’s a fantastic sale, it must be said, but when the price passes six euros the resistance comes. It could probably come from customers having contracts of six euros,” he believes.
All of SalmonBusiness’ industry sources point out that salmon prices are under pressure now.
“It stops this week. The last price increase we had this week was a little too tough for the industry in Europe. They have some stock of frozen salmon that they rather use,” says a buyer.
“But we see that overseas markets have offers from Chile that are on a completely different planet. Much lower,” he adds.
SalmonBusiness’ industry sources are trading at the following farmgate price for salmon to be delivered to the market next week:
- 2-3 kg NOK 50 (€5)
- 3-4 kg NOK 56 (€5.6)
- 4-5 kg NOK 58 (€5.8)
- 5-6 kg NOK 60 (€6)
- 6+ kg NOK 64 (€6.4)