Spot prices for salmon held steady this week, supported by consistent export activity and firm interest from Asia.
“We’re paying about NOK 63 for 3–4 kg, NOK 64 for 4–5 kg, and NOK 65 for 5–6 kg back to the farmer,” one exporter told SalmonBusiness on Friday. “There’s been little movement since last week. The currency has also been stable — at least against the US dollar.”
The exporter added that supply from the largest producers remains high. “There’s a lot of fish around — particularly from the big farmers. That includes a good volume of 6+ sizes.”
Others pointed to steady demand from Asia as a key factor helping to absorb larger fish.
“China has been a reliable buyer for 6+ fish this week,” said a source. “There’s strong interest, especially for high-quality fish from farms with low lice levels. Some producers are restricted from exporting there due to sea lice, so the compliant fish are getting picked up quickly.”
Earlier in the week, high temperatures across parts of Europe appeared to soften demand, but exporters are cautiously optimistic. “It was quiet during the heatwave, but with cooler weather expected, things might pick up again. We could see slightly stronger demand by the end of next week.”
In an interesting side note, one trader noted potential pressure building on Scottish salmon in the coming week. “We’re hearing key producers may be facing some issues in Scotland,” they said. “If that leads to more volume in the market, it could push Scottish prices lower — especially if demand doesn’t pick up fast.”