Everything is becoming more expensive – including salmon substitutes

Aslak Berge

Beef, chicken and sugar. There are many products in the shopping cart that have increased significantly in price.

The salmon price has corrected, quite significantly in the last two weeks, after trading at historically high levels. For six straight weeks, one kilo of salmon has cost more than EUR 10 per kilo (FOB slaughterhouse).

In the course of four quick months, the salmon price doubled, until now in May it has corrected by around 30 percent from the top.

Read also: Salmon price crash

In any case, “food inflation” is on everyone’s lips. It is not just oil, metals, grain, cod and salmon that have risen sharply in price.

If you look at close substitutes in the fresh food counter at the supermarket, you will quickly see that a lot has become much more expensive.

The battle for space in the shopping cart is intensifying.

Beef, for example, has never been more expensive. In one and a half years, the price has risen by 39 percent. Cattle require significantly more feed than farmed fish to convert feed into meat. And when feed ingredients, such as cereals, corn and soy, rise in price, concentrates and beef become more expensive.

Source: Indexmundi

A closer substitute for salmon is white meat, such as chicken. Chicken prices have risen by 89 per cent since Covid-19 really rolled in across Europe in April 2020. Especially in the last six months, the price graph has risen almost upright.

Source: Indexmundi

Sugar, which is not a direct substitute for salmon, but often finds its place in the shopping cart by being present in a wide range of consumer goods, has also become more expensive. Although the price is not at record levels, sugar has become 73 percent more expensive since the spring of 2020.

Source: Indexmundi

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