Modest price increase, but still a lot of fish available in the market

Summer holiday at European major salmon buyers dampens further price increases.

“There is some increase, but not much,” says a trader about the salmon price.

“Here are plenty of fish, still holiday in Europe and building of inventories in Poland. Some would say it’s a bit low prices, but it’s the buyer’s market. There is no doubt about that,” he adds. [factbox]

Small deviations
“Stable at 2-5 kilograms, slightly up at 5-6 kilograms. 6+ live their own lives,” says a salesman at a fish farming company to SalmonBusiness.

There are not large deviations in prices in the different weight classes among the sources SalmonBusiness talked to Friday. Even though there is a slight rise in prices, a lot of fish is still traded below €5 per kilogram – close to the lowest levels of the year.

“It’s a little up from what I had this week. Surprised that there is a lot of leftover fish from this week. Holiday at Thursday in many markets also affects [the price],” notes a buyer.

SalmonBusiness’ industry sources indicate the following farmgate price, for fish to be delivered next week:

  • 3-4 kilograms NOK 45.50-46 (€4.5-4.6)
  • 4-5 kilograms NOK 48-49 (€4.8-4.9)
  • 5-6 kilograms NOK 53-55 (€5.3-5.5)
  • 6+ kilograms NOK 63-64 (€6.3-6.4)

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