Kepler Cheuvreux and Nordea Markets are seeing increased salmon supply.
Kepler Cheuvreux has upped the global salmon offer estimate of a six percent increase for 2018 from the previous five percent, according to a report from the brokerages Wednesday, TDN Finans reports.
Nordea Markets points out that feed sales show growth of five percent year on year for August.
“The update supports our outlook for the fourth quarter, where we expect a seven percent increase in the salmon harvest in Norway and nine percent increase globally,” Nordea writes in an update.
Kepler Cheuvreux sees a drop of four to five percent in the salmon price for 2017. Nordea writes that prospects of a continued weak salmon price support their recommendation to wait for investments in the sector.
Salmon shares showed a weak price increase on a marginal falling stock exchange Friday morning.