Ten per-cent price drop as supermarket chains dominate salmon trading

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Buyer’s market as the salmon price drops below EUR 4/kg on average.

“It has been a week with a big [price] fall. The artificial rise last Friday was not accepted by the market,” said an exporter to SalmonBusiness.

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. We vary the sources we use and do not use the same sources each time.

He reported a heavy price drop for all of the most traded weight classes.

“It’s as expected. But we hope it calms down a bit.”

Supermarket dominance
“There will be more fish now, and the [end] market determines the price. They (the buyers – editor’s note) have more power now than before. Right now it is they who are in power. And it will be so for a while. The well paying markets, like restaurants and sushi, are not present. Now it is the supermarket chains that take almost everything,” he explained.

“It varies a lot,” said another exporter about the salmon prices. “There are a lot of fish left, and there are problems with selling and problems with transport.”

“It falls a lot. It’s bad,” said a third exporter.

Going down
“I hear an average of 40 kroner (EUR 3.7). 37-42 kroner (EUR 3.5-3.9) for 3-6 kilos, said a Eastern European importer about the farmgate prices in Norway.

This means an average price drop of around ten percent from last Friday.

SalmonBusiness’ five industrial sources refer to the following farmgate prices, for salmon to be delivered in the coming week:

  • 3-4 kg NOK 37-39 (EUR 3.5-3.6)
  • 4-5 kg ​​NOK 40-41 (EUR 3.7-3.8)
  • 5-6 kg NOK 42-43 (EUR 3.9-4.0)