Norwegian salmon spot prices are expected to remain broadly stable next week, according to analysts, with average prices projected at €6.64 ($7.71) per kg, compared with this week’s estimated range of €6.55 to €6.59 ($7.61 to $7.65).
Forecasts ranged from €6.55 ($7.60) at the low end to €6.82 ($7.92) at the top end.
One fewer harvesting day due to Pentecost could provide some price support, while relatively good fish availability across most size categories and stable demand across core markets were also noted.
Norwegian export volumes in week 20 totalled around 29,600 tonnes, down approximately 2 per cent year-on-year and 10 per cent week-on-week following elevated levels in the previous week.
Despite lower volumes, export value in euro terms increased around 8 per cent year-on-year. Four-week rolling export value was up 13 per cent year-on-year.
Weekly demand for Norwegian salmon was estimated at around €200 million ($232 million), up nearly 5 per cent from the same period last year.
Strong shipments to Poland and Denmark pointed to continued retail demand in Europe, while exports to the US and Asia were softer, partly linked to higher freight costs.
Seasonal demand is expected to soften further in the coming weeks.
Norwegian standing biomass at the end of April was broadly unchanged year-on-year. Fish numbers declined 1.4 per cent, while average fish weight increased 1.7 per cent.
Average harvest weight reached 5.22 kg, up 1 per cent year-on-year.
April mortality was 17 per cent lower year-on-year and represented the lowest April level since 2015.
Implied harvest weights declined week-on-week but remained 7 per cent above last year, reflecting strong biological performance overall.
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.
