Salmon prices moving up for next week

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Towards the last week of November, salmon prices continue to rise.

“Of course, you meet some resistance at this level, but it seems solid,” says a sales manager at a larger fish farming company to SalmonBusiness. “We come from an artificially low level in October,” he points out, pointing to the same currency rates, but low feed sales and colder water.

“But the last jump in salmon prices, the last two weeks, is surprising,” he adds.

The raffle draw for next week’s salmon price, between farmers, exporters and importers is in full swing.

“It’s a play that has been going on since Wednesday. The big ones want the price up a bit. At the same time there will be more fish next week. They want it up five kroner, but the market believes the peak has been reached,” says one trader.

“But at that level we will not buy much fish. We’re going to reduce,” 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.

Salmon prices have increased by more than 50 per cent during the autumn. It doesn’t stop here.

“They are going up quite a bit, the prices,” says one exporter,” busy in meetings.

“It’s early. It will be a long day,” comments one big European fish importer. “There is soft demand, if you ask me. Everyone is in large stock. It seems pretty comfortable to most people.”

“Speculation about price increases, others say there is a decline due to the volumes. I think it can work with stability out in the market,” says one exporter, adding: “You will not find a packing station in Norway packing less fish next week. On the contrary – they pack more.”

Next week’s price call (FCA fish farmer) from six industrial sources, divided into three exporters, two fish farming companies and one importer, is as follows:

  • 3-4 kg NOK 60-63 (€6.0-6.3)
  • 4-5 kg ​​NOK 62-65 (€6.2-6.5)
  • 5-6 kg NOK 64-67 (€6.4-6.7)