Pareto Securities’ financial analyst Carl-Emil Kjølås Johannessen believes in a strong autumn.
“As usual, salmon prices have fluctuated a lot this summer due to holiday cancellations and the like. We believe in historically high salmon prices in the third and fourth quarters,” the investment banker told Finansavisen.
“We expect high demand a lot due to pent-up demand and in addition, demand will increase now that catering, restaurants and the like are opening up. The assumption that demand will be very high in the future obviously requires that we do not experience new restrictions,” said Johannessen.
The Pareto analyst added that Norwegian salmon companies will have favorable sales conditions due to problems in the aquaculture industry in Chile.
“The supply side also looks advantageous. We expect relatively large volumes from Norway, but little fish was put into the sea Chile last year, and the salmon farmers in Chile have also struggled with a lot of algae blooms and mortality, which will lead to limited volumes from here. It therefore looks promising for the Norwegian salmon companies in the future,” he added.