Kontali: record EU salmon supply weighs on prices
Atlantic salmon imports to the EU rose 10% in week 27, continuing a multi-week run at seasonal record volumes that is pushing spot prices lower, according to Kontali.
Atlantic salmon imports to the EU rose 10% in week 27, continuing a multi-week run at seasonal record volumes that is pushing spot prices lower, according to Kontali.
The salmon market moves every trading day, and so does the money behind it. Our Market coverage tracks the numbers that set the tone for the whole value chain: the weekly spot price out of Norway, contract levels, the NASDAQ Salmon Index, and the supply and demand balance that decides whether producers are selling into strength or into a glut. When Norwegian export volumes hit a record and push first-half prices to their lowest level since 2021, that is a Market story, and we report it with the figures, not the adjectives.
Each week we follow the FCA Oslo spot price across the main weight classes, alongside the reference indices that European buyers, processors and traders price against. We put the week-on-week move in context: how it compares with the same week last year, what the futures curve implies, and how the NOK/EUR rate is either amplifying or masking the underlying price signal for exporters.
Prices are only half the picture. We watch harvest volumes and biomass out of Norway, Chile, Scotland, the Faroes and Iceland, and we track where the fish is going: the shifts in Norwegian seafood exports, the rise of China as a top-tier market, softening US demand, and the trout-versus-salmon switch when relative prices make one more attractive to produce than the other.
Quarterly harvest updates and guidance from the listed producers move share prices as much as spot does. We cover the Q2 harvest misses and beats, the production-cost outlooks in NOK per kilo, and the analyst reaction that follows, so you see how the sell side reads each print before the market fully prices it.