Prices expected to fall toward EUR 5.99 per kilo.
Norwegian salmon spot prices are expected to fall below EUR 6/kg next week, extending a weak start to the summer market.
Export volumes fell 1.5% year-on-year to 27,785 tonnes in Week 22, although export value rose 13.3% to EUR 191 million. Average harvest weight increased 6.8% in May, reflecting a continued high proportion of large fish in the market.
With June and July typically representing the weakest demand period of the year, and China taking a smaller share of Norwegian exports, market participants expect supply to continue weighing on prices.
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.
