Salmon prices dented by increased supply

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More heavy fish being pushed out to a soft market.

“We hear prices around the 50 kroner (EUR 4.7). That is what is being said,” said an exporter about next week’s salmon price.

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.

That means a slight weakening from last Friday’s prices.

“There are more and more problems with the big fish. It has been difficult to sell 6+ kg, and it will at least not be easier next week,” he believed.

Store
“Prices remain stable,” said another exporter, who referred to the following farmgate prices:

  • 3-4 kg NOK 50 (EUR 4.7)
  • 4-5 kg ​​NOK 52 (EUR 4.9)
  • 5-6 kg NOK 54 (EUR 5.1)
  • 6-7 kg NOK 56-57 (EUR 5.3-5.4)

“We have bought at those prices. 250 tons. I do not think it will come lower. Now people are starting to store and freeze. Things happen when the price comes down to this level here,” he pointed out.

Downside
“A group (of exporters) is at 50-52 kroner, and a group is at 48-50 kroner,” said an importer.

“It’s downside here. I see more and more fish coming. I think it goes below 50 kroner. People are defensive. This week has been red for most. The markets are very weak in Europe. Many will be extremely careful about purchasing today,” he said.

“I get signals that the price is breaking the 50 kroner limit,” said a buyer.

“The volume goes up, the fish gets bigger,” pointed a salmon seller out.