Salmon prices stable at Easter peak

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The salmon price goes sideways next week.

“I do not think there will be very big changes. A little down, but not much,” said an exporter, and mentioned farmgate prices around NOK 69 (EUR 6.9).

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.

Short week
“Stable, I hear,” said another exporter to SalmonBusiness. “NOK 71 to 74 (EUR 7.0-7.1) early in the week. More unclear towards the end of the week.”

With five days off, followed by a new short harvesting week, market visibility is limited.

“It falls back a bit in China,” said a trader. “I bought some fish today at about NOK 71 (EUR 7.1) FCA farmer.”

Others are more hesitant, and believe the market has not fully settled.

Uncertain
“Right now it is three hours until it is Easter holiday. People are insecure. It is difficult to know what the market will pay for next week. It’s far ahead. Customers know we are going up in volume and there are very strong prices,” noted a trader.

Several market participants point out that there is an unusual rich amount of downgraded fish in the market – which is traded at large discounts compared to superior fish.