Last full week of harvest may challenge this years’ highest prices

Salmon prices have now risen by more than 80 per cent from the low in early October.

“Yes, it’s the best of the year. There is no doubt,” says one exporter to SalmonBusiness.

It is the last full shopping week before Christmas, and both exporters and importers are busy trying to secure enough fish. But they do not want too much and risk burning with too much inventory.

“For 3-6 (kilograms), we talk about more than NOK 70 (€7) on average. So then the fall can be dramatic. The demand for fish in week 52 is not so great. If it is a stop, then it is a stop.”

A price hike somewhere over €7 is consensus among all market participants Friday.[factbox]

“I’m trying there, but I haven’t locked it yet,” says a buyer.

Salmon prices are rising quite sharply for the second week in a row. The total price increase is €1.4-1.5/kg in two weeks.

“Going bananas now,” writes a fish exporter in SMS to SalmonBusiness.

Seasonal best
An average spot price of well over €7 per kilo means that the salmon price has increased by more than 80 per cent since the bottom earlier this fall.

The highest average price of the year was achieved in week ten. It was at NOK 73.09 (€7.2) FCA Oslo. The record is in danger of being beaten today.

SalmonBusiness’ industry sources refer to the following price levels for the most-traded weight classes of fish for delivery next week:

  • 3-4 kg 70-72 kroner (€7.0-7.2)
  • 4-5 kg ​​72-74 kroner (€7.2-7.4)
  • 5-6 kg 74-76 kroner (€7.4-7.6)
  • 6+ kg 78 to «over 80 kroner» (€7.8-8.0)

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