Salmon prices keep spiraling up

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The third week in a row with an uplift in the salmon price.

“I hear  67, 68, 69 NOK (EUR 6.20, EUR 6.3, EUR 6.4), maybe a little higher. A fantastic increase,” says a farmer to SalmonBusiness.

The farmer’s phone connection becomes distant, while he manoeuvres the boat through what he calls “troubling water.”

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.

Smaller fish
“And this is despite the NOK strengthening,” he eagerly points out.

“So the next three to five weeks look bright. HORECA (hotel, restaurant and catering – ed. Note) is returning more and more, and the big companies have a little less fish,” he continues.

Another farmer backs up his statement.

“The market is adapting. They were talking about 68 NOK (EUR 6.3 ) when I left the office. I don’t know why, but that’s the price throughout the week,” he says.

An influential reason is that next week is a four-day week. This normally means reduced harvesting activity.

Fair prices
“It seems the farmers are getting their will today. There is little harvesting in Northern Norway,” says one exporter.

“I’ve heard higher prices than that 68, 70, 72 NOK (EUR 6.3, 6.5, 6.6). And I pay more for Faroese salmon,” says one importer, before adding:

“These prices seem fair to me.”

“In the north, some have little fish due to the algae problems last year,” he explains.