Salmon prices slightly up in quiet market

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Around 0,3 EUR up from last week.

“It’s a new month, so farmers doesn’t have to think about biomass”, an exporter told SalmonBusiness.

Facts

Salmon Business collects spot prices for salmon every Friday after lunch. These are fish to be delivered the following week. Here we contact several members of the value chain, including fish farmers, exporters and importers. We always have at least five independent sources, although not all sources are necessarily displayed on print. We vary which sources we use, and do not use the same sources each time.

“The increase is limited”
Several sources tells SalmonBusiness there will be a slight increase in the salmon prices this week. Last week, the prices were down to around 50 kroner (EUR 5,3) for 3-4 kilo.

SalmonBusiness have collected the following prices:

  • 1-2 kilos: NOK 39-40 (EUR 4.1 – 4.2)
  • 2-3 kilos: NOK 46-47 (EUR 4.8 – 5)
  • 3-4 kilos NOK 55-56 (EUR 5.8 – 5.9)
  • 4-5 kilos NOK 56-57 (EUR 5.9 – 6)
  • 5-6 kilos: NOK 57-58 (EUR 6 – 6.1)
  • 6+ kilos: NOK 56-60 (EUR 5.9 – 6.3)

“The increase is limited. Around 3 NOK (0,3 EUR),” another exporter told SalmonBusiness.

“Processors find this level interesting. Now they want to increase their activity, and therefore the prices are going up,” he continued.

Quiet market
An exporter told about eager salmon farmers, that tried to push the prices higher earlier Friday.

“We haven’t done anything, but someone tried quite high earlier. It has settled down now,” the exporter told.

A salmon farmer confirms this.

Just after 13:30 CEST, little was still done by some exporters.

“We are about to do something now – but the market is very uncertain, as you’ve probably heard from others,” one told SalmonBusiness.