Sunday, February 25, 2018

26/02/2018: Price of Norwegian farmed salmon continues to rise

The price of Norwegian farmed salmon is expected to rise further to 64-65 crowns per kilogram for deliveries in Oslo this week, up from about 60-61 crowns last week, industry sources told Reuters on Friday. 

Image credit: Thomas Bjorkan on Flickr
(CC BY-SA 2.0)
Prices last week were initially expected to rise five-six crowns to 57-59 crowns, but reached a somewhat higher level in the end.

“Prices next week are rising halfway to 70 crowns. There is less fish and some exporters need more fish to comply with their contracts”, one producer told Reuters who declined to be named.

Salmon prices peaked at around 80 crowns per kilo in early January of 2017 at a time when supply constraints supported prices, but have since fallen as volumes grew.

Production growth from Norway is expected to be around nine percent in 2018, the Norwegian Seafood Council predicted in early January. Later on fish farmers have cut their expectations for growth to somewhat less than that level

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