Price increase on smaller sizes, the big salmon is stable

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Rally after last Friday’s price drop.

“It took a long time before it happened. But now we have sold about 15 trucks,” said a sales person at a fish farming company to SalmonBusiness.

He presented the following farmgate prices for next week:

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.
  • 2-3 kg NOK 50 (EUR 4.9)
  • 3-4 kg NOK 54-55 (EUR 5.3-5.4)
  • 4-5 kg NOK 57-58 (EUR 5.6-5.8)
  • 5-6 kg NOK 61 (EUR 6)
  • 6+ kg NOK 67 (EUR 6.6)

“2-3 and 3-4 kg have come up the most. I do not know if it is a little less ISA fish or if there are new suppliers for next week. In any case, we have received a nice price increase of 2-3 and 3-4 on our fish.”

Others see even higher prices.

“The boom is coming now,” said a sales director at a fish farming company to SalmonBusiness.

“Now they confirm 55 kroner (EUR 5.4) at 3-4, 60 kroner (EUR 5.9) at 4-5 and 65 kroner (EUR 6.4) at 5-6. It’s up a lot from last Friday.”

“The big fish is stable, 2-4 has gone up a couple of kroner. Same price at 4-6. It is more similar, it will not be the big leap anymore,” said an exporter.

“It was not normal that there was such a large price spread between 3 and 6 kilos,” he added, and referred to these prices:

  • 2-3 kg NOK 49 (EUR 4.8)
  • 3-4 kg NOK 54 (EUR 5.3)
  • 4-5 kg ​​NOK 56-57 (EUR 5.5-5.6)
  • 5-6 kg NOK 59 (EUR 5.8)
  • 6+ kg NOK 63 (EUR 6.2)

“It’s been a good week. We can’t complain. Of course there are more and more 5+ around. It is growing well,” he said.

However, the price increase is primarily for small fish.

“Not on big fish, I feel. There are problems with flights to China,” said an exporter who specializes in air freight of big salmon.

“This week I have bought at 62, 65, 70 and 71 kroner. Slightly different prices all for big fish. Next week I have so far bought a little at 70 kroner,” he said.