Salmon price under pressure in silent market

Wide price gap signals uncertainty.

“I hear everything from 47 to 52 kroner (€4.9 to €5.4),” says a purchaser at a processing company to SalmonBusiness, referring to next week’s salmon prices.

“There is a lot of fish available this week, and there will come more next week. After all, it’s about having buyers too. I hear the Poles are fully loaded this week, and hot weather has been reported across Europe,” he adds. [factbox]

Reluctant buyers are being met with increased volumes of harvested fish.

“It’s a difficult market. We are loaded with all together. One must stay under 50 kroner (€5.2),” another purchaser says, adding that he has not bought any salmon so far today.

“5.30, 5.50, 5.70 euros they say [about the most traded weight classes, three to six kilos],” he says with reference to Polish smokers’ purchase prices.

“It is difficult, but a quite significant [price] drop,” an exporter comments.

SalmonBusiness’ five industrial sources outline the following farmgate price level for salmon to be delivered next week:

  • 3-4 kilograms NOK 46-50 (€4.8-5.2)
  • 4-5 kilograms NOK 48-52 (€5.0-5.4)
  • 5-6 kilograms NOK 50-54 kroner (€5.2-5.6)

“It’s not that easy today,” says a trader. “It’s a holiday market, on both sides of the table. Not easy to handle these volumes satisfactorily. Large spreads indicates uncertainty in the market. It will probably be a late afternoon here, but everything will be sold in the end.”

“The farmers will curb the fall in prices, but there is simply too much harvesting,” he adds.


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