Salmon price under pressure in silent market

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Wide price gap signals uncertainty.

“I hear everything from 47 to 52 kroner (€4.9 to €5.4),” says a purchaser at a processing company to SalmonBusiness, referring to next week’s salmon prices.

“There is a lot of fish available this week, and there will come more next week. After all, it’s about having buyers too. I hear the Poles are fully loaded this week, and hot weather has been reported across Europe,” he adds.

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 in print. We vary the sources we use and do not use the same sources each time.

Reluctant buyers are being met with increased volumes of harvested fish.

“It’s a difficult market. We are loaded with all together. One must stay under 50 kroner (€5.2),” another purchaser says, adding that he has not bought any salmon so far today.

“5.30, 5.50, 5.70 euros they say [about the most traded weight classes, three to six kilos],” he says with reference to Polish smokers’ purchase prices.

“It is difficult, but a quite significant [price] drop,” an exporter comments.

SalmonBusiness’ five industrial sources outline the following farmgate price level for salmon to be delivered next week:

  • 3-4 kilograms NOK 46-50 (€4.8-5.2)
  • 4-5 kilograms NOK 48-52 (€5.0-5.4)
  • 5-6 kilograms NOK 50-54 kroner (€5.2-5.6)

“It’s not that easy today,” says a trader. “It’s a holiday market, on both sides of the table. Not easy to handle these volumes satisfactorily. Large spreads indicates uncertainty in the market. It will probably be a late afternoon here, but everything will be sold in the end.”

“The farmers will curb the fall in prices, but there is simply too much harvesting,” he adds.