Norwegian salmon spot prices are expected at around EUR 5.92/kg this week, extending a weak second quarter for the sector.
One analyst described the market as “hugely disappointing” and said consensus earnings estimates for Norwegian salmon farmers could be cut by 10% to 15%.
The quarter-to-date price stands at approximately EUR 6.89/kg, below levels previously assumed by the market.
Demand remains firm, with year-to-date demand measured in euro terms running around 5% ahead of last year. Analysts said ample supply, rather than weak consumption, continues to weigh on prices.
