The market is still in holiday mode.
“It’s basically stable,” says one trader. “Around NOK 90 per kilo ($8.91 / €7.65), the same as this week. There’s some variation in air-freighted fish and on the continental market,” he adds.
“It’s still early, and we haven’t received many prices yet. Week two is historically somewhat uncertain, with a full slaughter week again and so on. We’re not stressing today,” an exporter tells SalmonBusiness.
Bridged holiday
It is a quiet Friday, with many market participants taking a bridged day off at the tail end of the Christmas holiday.
Still, the year’s first full slaughter week offers opportunities for those with fish to sell.
“This is a week where you get paid very well for Monday fish, and we just sold a tight truckload of 4–5 kg fish at NOK 98–99 per kilo ($9.70–9.80 / €8.33–8.42),” says a farmer.
“And then we have a Polish buyer willing to pay NOK 95 ($9.41 / €8.08). We’re getting NOK 97–98 ($9.60–9.70 / €8.25–8.33) on Monday, and possibly Tuesday. But everyone expects it to fall. That it will fall, which is probably natural, down into the low NOK 90s.”
In line with expectations
A salmon price in the lower NOK 90s means the spot price is close to what is expected to be the average salmon price for the full year. Fish Pool’s 2026 year contract is priced at €7,580 per tonne (delivered Oslo), which implies a salmon price of NOK 89.63 per kilo ($8.87 / €7.62).
The forward price for the first quarter of 2026 is €8,520 per tonne, equivalent to NOK 100.67 per kilo ($9.97 / €8.56).
