Prices expected to hold steady.
Norwegian salmon prices are expected to remain broadly unchanged next week at around EUR 5.43/kg (USD 6.19/kg), little changed from this week’s estimated range of EUR 5.21–5.47/kg (USD 5.94–6.24/kg).
Forecasts range from EUR 5.21/kg (USD 5.94/kg) to EUR 5.61/kg (USD 6.39/kg). One source maintained a current market assessment of EUR 5.47/kg (USD 6.24/kg) without publishing a forecast for next week.
Norwegian export volumes reached 37,297 tonnes in week 26, up 19.1% year-on-year and 3.6% from the previous week, marking the highest weekly export volume recorded in the second quarter. Export value totalled EUR 214 million, an increase of 20% from the same week last year.
Eight-week rolling exports to Norway’s six largest EU markets rose 8% year-on-year, while shipments to non-EU destinations increased 10%. Exports to China, Hong Kong, Vietnam and Taiwan climbed 23% over the same period. One analyst noted that weekly export volumes have already reached levels typically seen in late August, suggesting the industry’s practical export ceiling of around 40,000 tonnes per week may be approaching.
Average harvest weight increased 5.5% year-on-year, reflecting favourable biological conditions. Despite relatively soft prices, analysts said the demand outlook remains healthy, with consumption growth of 15–20% over the coming period the key metric to watch.
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.
