New decline: Lowest June price in six years

Increased harvest volumes lower the price.

“I hear 50-51 kroner on 3-5 kg. People have lost money all this week as well,” said an importer to SalmonBusiness.

That means another price drop – fourth straight week. But the decline this time is only on a few of euro cents. Nevertheless, a price level just above EUR 5 is the lowest recorded in June since 2015.[factbox]

“It is a price drop. Next week will be 50 (EUR 5) kroner for 3-4, 51 kroner (EUR 5.1) for 4-5 and 53-54 kroner (EUR 5.3-5.4) for 5-6. 6+ is 57-58 kroner (EUR 5.7-5.8). In Europe, you do not get paid very well, but the air cargo market is good,” said a trader.

More fish
The price change seems to be volume driven.

“A little more fish is coming up, the market is a little touchy. There was low supplies in May. Much more access now. Much more access,” he repeated.

“With an increase in the quantity by 5,000 tonnes a week more than one had in May, then it [the price] goes down without saying. This is the price needed to get the VAP industry going again in Europe,” he said.

«3/4 51 kroner (EUR 5.1), 4/5 52-53 kroner (EUR 5.2-5.3), 5-6 55 kroner (EUR 5.5), 6+ 59 kroner (EUR 5.9)», an exporter wrote in an SMS to SalmonBusiness.

Smaller spreads
“We have not sold anything, but believe it’ll be relatively flat,” said a fish farmer hopefully about the next week’s salmon price.

Others confirm a decline in price.

“Today we probably have to go down to 54, 56 and 58 kroner [for 3-6 kg]. It feels like there will be a little smaller spreads between the sizes, maybe more like 54-55 kroner. There is a slight decrease [in price] of 3-4 and 4-5. That’s what we have as a target, and we’ve got some sales on that. We have done 9-10 sales of whole trucks on that – including two we did yesterday,” said a farmer who described the market as “slow”.

“The big fish is a bit challenging, with shutdowns in China with Covid-19. And it is reflected in the price,” he admitted.


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