Analysts expect Norwegian salmon spot prices to tick up next week to around EUR 6.79 (USD 7.99) per kilo, compared with an estimated EUR 6.72–6.75 (USD 7.90–7.93) this week.
One analyst source sees prices around EUR 6.84 (USD 8.04), while two others project a level closer to EUR 6.75 (USD 7.93). The move represents a modest recovery after prices fell sharply in recent weeks.
Norwegian export volumes in week 19 reached 32,764 tonnes, up 16.6% year on year and 23.5% week on week. One analyst noted the strength is difficult to reconcile with the weak biomass figures reported at end of March, suggesting record-strong productivity may be behind the surge. Implied harvest weights are now 8% above year-ago levels, reflecting favorable biology. Export value in week 19 came in at EUR 231 million, up 33% year on year and 22% week on week. On a four-week rolling basis, export value in EUR is up 16% year on year. Asia continues to drive demand, with shipments to China rising 60% year on year last week.
Analysts anticipate demand figures will ease in the coming week as lower export prices work through the data. Volume-weighted prices sit at roughly EUR 7.12 (USD 8.37) quarter to date, leaving some downside risk to second-quarter consensus estimates unless June brings a material rebound. One source highlighted that current supply levels are unlikely to persist, which could provide price support later in the quarter. Prices on larger fish remain particularly soft, with significant discounts reported relative to standard weight classes.
Each week, Salmon Business 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.
