Only minor movements in summer quiet market.
“Now there are two things it is all about: Credit insurance and heat,” said one importer, pointing out that the heat wave across Europe is reducing customers’ purchases of salmon.
He does not see large movements in spot prices for the coming week.
“I think they are trying to push prices up, but feel it is not so easy with a lot of fish available, even on the largest sizes,” said a trader, and mentioned large salmon prices around NOK 60 (EUR 5.6).
“The air cargo market is completely shut down,” said an exporter to SalmonBusiness. “Just look at the export statistics; it is an extreme decline in whole airborne salmon.”
“There is some harvest of fish around the three kilos groups, paired with a quiet market,” said another.
“The fish harvested in Norway is going to Europe, since the air cargo market is much calmer than it has been. To put it this way: A Spaniard does not buy big fish at a price of NOK 60 (EUR 5.6). They are tougher than that,” he emphasized.
“Overall: There is pressure on 1-4 kg, a little better on 4-5 kg and on 5+ kg we rely a lot on calculations at the same price as this week.”
SalmonBusiness’ industry sources refer to the following farmgate prices for the most-traded weight classes for the coming week:
- 3-4 kg NOK 53-54 (EUR 4.9-5.0)
- 4-5 kg NOK 55-56 (EUR 5.1-5.2)
- 5-6 kg NOK 57-60 (EUR 5.3-5.6)
- 6+ kg NOK 60 (EUR 5.6)