Norwegian salmon prices exploding, up 37 percent in one month

Norwegian salmon prices jumped 18.06 percent in the eighth week of 2023. Prices are up NOK 18.01 (USD 1.73, EUR 1.82) week-over-week, according to the Nasdaq Salmon Index.

The weighted average index of weekly sales prices and volumes of fresh Atlantic superior salmon, head-on gutted – reported by a panel of Norwegian salmon exporters and salmon producers – found the average per-kilogram price of Norwegian salmon NOK 117.82 (USD 11.35, EUR 10.63).

Prices increased 9.64 percent, or NOK 8.77 (USD 0.85, EUR 0.80), in the seventh week of 2023, with the average per-kilogram price of Norwegian salmon to be NOK 99.81 (USD 9.63, EUR 9.08).

Over the past month, prices are up nearly 37 percent, and over the past 12 weeks, they're up more than 45 percent.

Fish Pool reported total sales volume for Norwegian salmon exporters in the third week of February 2023 was down 428 metric tons (MT), 2.7 percent from last week, and down 3,082 MT and 17 percent from the corresponding week from 2022. Over the last five weeks, the average export volume decreased 8,256 MT, down 9.2 percent in comparison to last year.

Photo courtesy of Hector Ruiz Villar/Shutterstock