Turnaround for next week’s salmon prices

After almost falling below EUR 4/kg a week ago, spot prices are at full speed up.

“It rises closer to five kroner (EUR 0.5) on average. I hear NOK 44-45 kroner (EUR 4.3-4.4) on average at 3+”, said a trader to SalmonBusiness.

He found several drivers behind the sharp rise in prices.[factbox]

“It is clear that there was a little less harvesting this week, a lot of (low quality) production fish, a lot of wounded fish, going away from traditional markets. There is high volumes of production fish at the moment, especially in the north [of Norway]. And it must be procesed in Norway,” he pointed out.

“There has been a slight deficit of 3-4 and 4-5 kg. Maybe 6+ is a little lower in price, there is plenty of big fish,” he summed up.

There is not much disagreement about the price level among the five industrial sources SalmonBusiness has spoken to after lunch on Friday.

“I guess it lands around 45 kroner (EUR 4.4), yes,” said an exporter.

“It is six kroner (EUR 0.6) up – at a weak time of year,” said another.

“I hear everything from 45 kroner (EUR 4.4) to higher, but I think 45 kroner is right,” said an importer.

“There is a huge amount of production fish in the north, and that contributes, and then the UK has stopped. And then there will be a deficit this week here”, he added.

“Fifty is the new forty”, wrote a fish farmer in a text message to SalmonBusiness.


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