Salmon price’s upward trend continues

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“It’s an impressive price increase in mid-July,” says one exporter.

All of the industrial sources SalmonBusiness has spoken with Friday expect that the salmon price will continue to rise.

“The price is going up, guaranteed. But by how much, I don’t know yet. I just have to run, it’s complete chaos,” says a salesman at a Norwegian fish farming company.

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.

“I hear talks about prices of NOK 60-65 (€6,2-6,7) for 3-6 kilos,” says one exporter.

The main reason for the rise in prices is, according to the sources, less harvested salmon.

Another exporter SalmonBusiness has talked to says that the price is about NOK 5 (€0.5) up from last week, and that there is especially a pressure on the larger fish for next week.

“There is a lack of salmon big enough to be transported by airfreight (6+ kilograms), so that price might even have passed NOK 70 (€7.3). It’s an impressive price increase for July,” he says.

The five industrial sources SalmonBusiness have talked to Friday refer to the following price level, to the fish farmer, for the most traded weight classes:

  • 3-4 kilograms NOK 60-62 (€6,2-6,4)
  • 4-5 kilograms NOK 62-63 (€6,4-6.5)
  • 5-6 kilograms NOK 64-65 (€6.6-6.7)
  • 6+ kilograms NOK 68-70 (€7.0-7.3)