Stable salmon prices for next week

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Price level stays at this year’s low.

“The market is quite soft. Currency fluctuations play a role. The heat wave in Europe, combined with holiday, makes it quiet,” says an exporter to SalmonBusiness.

He notes that the market has not settled, but sees price stability.

“It is fairly stable,” comments another exporter.

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.

That’s identical to what a third exporter refers to. He also points out the logistical challenges in the wake of transit problems in Russia as an element that has contributed negatively to the market.

“Stable at 1-4 (kilograms), a notch up for 4-5, and it tightens on the big fish. There is a currency gain from last Friday,” says a trader.

“Customers are asking for stable prices. We take it easy. We buy what we need and go for back to back [contracts] with the rest,” he says, before adding: “There is more than enough small fish.”

“A little up and stable :),” writes a salesman at a larger aquaculture company in a text message to SalmonBusiness.

The farm gate price level outlined by our five industry sources for next week is as follows:

  • 3-4 kilograms NOK 45-47 (€ 4.5-4.7)
  • 4-5 kilograms NOK 48-50 (€4.8-5.0)
  • 5-6 kilograms NOK 53-56 (€5.3-5.6)
  • 6+ kilograms NOK 60+ (€6+)