Reduced harvesting activity in Northern Norway raises salmon prices next week

News
1022

Lower supply tightens to the market.

“Prices rise a bit again,” says an exporter to SalmonBusiness. “It’s a couple of kroner up from what we bought at last Friday.” 

Facts

Every Friday after lunch, SalmonBusiness report 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 are necessarily displayed in print. We vary the sources we use and do not use the same sources each time.

Less harvesting
He is clear on what is behind the price increase.

“Less harvesting in the North. They took up quite a few fish, and those farmers who want to feed would rather do that. So there is a little more balance in the market,” he believes.

“We have bought some trucks, 100 tonnes so far.”

“It is crucial how big the access [to fish] will be next week,” another exporter says, adding that he is uncertain here.

“It seems like some [salmon farmers] will calm down,” he says about the harvesting activity in Northern Norway.

Northern Norway fish farmers have been hard hit by a toxic algae bloom recently, causing mortality of 13,800 tonnes salmon.

Rarely quiet
Today’s most sources report a slight increase in spot prices.

“It sounds like that, but there is little solid information at the moment. The salmon price seldom stands still,” says a trader.

“We are at a price level that makes it attractive for more people to buy,” he points out.

SalmonBusiness’ industry sources outline the following farm gate prices for salmon to be delivered the coming week:

  • 2-3 kilograms NOK 45-46 (€4.6-4.7)
  • 3-4 kilograms NOK 53-54 (€5.4-5.5)
  • 4-5 kilograms NOK 57-58 (€5.8-5.9)
  • 5-6 kilograms NOK 60-61 (€6.1-6.2)
  • 6+ kilograms NOK 62-65 (€6.3-6.6)