Price drops to EUR 5.21 as summer volumes weigh on the market.
Salmon spot prices are expected to fall this week (w27) to around EUR 5.21/kg (USD 5.94/kg), down from approximately EUR 5.39/kg (USD 6.14/kg) last week, according to analysts. The decline of roughly NOK 2/kg week-on-week reflects continued seasonal pressure as harvest volumes rise heading into summer. Volume-weighted Q2 2026 prices averaged around EUR 6.36/kg (USD 7.24/kg).
Norwegian export volumes in week 25 rose 10% year-on-year to 36,000 tonnes, the highest weekly figure since mid-Q3 2025. Despite the increase in volumes, export value in EUR was up 8% in week 25. The four-week rolling Norwegian export value sits 9.5% higher year-on-year, indicating that higher volumes are more than offsetting lower prices compared to last year.
Chinese fresh salmon imports rose 28% year-on-year in May, with year-to-date growth at 43%. Norwegian salmon now accounts for 72% of Chinese import volumes, gaining market share as competing supply slows. The price premium of Norwegian over competing supplier countries has narrowed to around 2%, reflecting the current low Norwegian price level. Declining freight costs could further support Chinese import growth in the months ahead.
Each week, SalmonBusiness gathers salmon price forecasts from industry analysts for the week ahead. Unless otherwise stated, prices refer to Superior 3–6 kg salmon, per kilo FCA Oslo, converted using the day’s average exchange rate.