Salmon price stays same as buyers play the waiting game

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No price rises in the horizon for next week.

“We have not started to buy yet, but there is a lot unsold,” a fish processing company tells SalmonBusiness.

Pending
The market is pending. Only a few trades have been made, based on the 7-8 industrial sources SalmonBusiness has been in contact with after lunch Friday.

Facts

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

“3-4 kilos 52 kroner, 4-5 kilos 53 kroner,” an export buyer says, while he points out that these are prices for FOB facilities in southern Norway.

This is supported by a competitor.

“That’s where we plan prices to be. There are some unsold fish and a slow market” he says, before hurrying to add: “But these are still good prices.”

Trends
This implies fairly stable prices relative to last Friday, and quite similar to what the spot price was 12 months ago.

“I think it trends down. We paid slightly higher prices than those you mentioned last Friday,” the exporter says.