Spot prices are moving sideways.
“We think it is relatively flat,” a farmer tells SalmonBusiness. He refers to salmon prices at NOK 72, 73, and 75 ($6.77/€6.34, $6.86/€6.42, and $7.05/€6.60) for weight classes 3-4, 4-5, and 5-6 kg.
This tip stands in stark contrast to another farmer.
Counter
“Prices are sharply up today, especially for the largest fish,” he says, pointing to the following prices FOB Oslo:
2-3 kg NOK 71 ($6.67/€6.25)
3-4 kg NOK 79 ($7.43/€6.95)
4-5 kg NOK 82 ($7.71/€7.22)
5-6 kg NOK 85 ($7.99/€7.48)
6+ kg NOK 93 ($8.74/€8.18)
“Ten kroner too high,” counters an exporter. “I know we can buy 6+ ready air-packed at NOK 81 ($7.61/€7.13) in Oslo. NOK 71, 72, 73 ($6.67/€6.25, $6.77/€6.34, $6.86/€6.42) for the most traded weight classes 3-6,” he adds.
The latter price level is repeated by another exporter.
“It’s quiet. As we see it, it is relatively stable. We do not get responses from customers. When there is positivity, they stop producing freeze orders,” he says, frustrated.
Quiet
“We will not trade anything over NOK 70, 71, and 73 ($6.60/€6.16, $6.67/€6.25, $6.86/€6.42) for 3-5+ today. 5+ has been the hardest – without a doubt.”
He describes a market that is in holiday mode.
“It’s dead quiet. They say they don’t want it. I don’t have a good feeling for next week. We have Poles saying they are buying ISA fish from the big [farmers] at prices far below what we are close to,” he says.
SalmonBusiness gathers spot prices for salmon every Friday after lunch, tracking fish to be delivered the following week. This process involves contacting multiple entities in the value chain, including farmers, exporters, and importers. At least five independent sources are consulted, though they may not always be publicly disclosed.
