Kontali: lifts price forecast on constrained supply

by
Editorial Staff

Atlantic salmon spot prices reached 6.71 EUR/kg in the week ending April 28, according to Kontali, as a shorter harvest and trading week tightened near-term availability.

Kontali revised its May and early summer price outlook slightly upward. The coming six months are expected to see lower supply growth and intensifying competition for available volumes.

February supply reached 244,000 tonnes whole fish equivalent, up 16% year-on-year, according to Kontali’s April 29 market update. Asia led demand growth during the period.

A first decline in global feed sales since August 2024 signals an emerging shift in the supply outlook. March harvest volumes remained strong across most regions, but feed sales recovered after February’s dip.

Biomass development is split: Europe is running slightly above last year, while the Americas are below.

Limited supply growth from European producers outside Norway is shifting the competitive dynamic heading into summer, Kontali said. Chile also remains under watch following recent political developments the firm says could affect long-term production.

Land-based salmon harvest volumes grew in Q1 2026, but average harvest weights remain a constraint, according to Kontali’s April 30 land-based update. Reaching consistent weights above 4 kg is increasingly seen as the threshold needed to close the profitability gap with conventional farming.