According to the Sitagri Salmon Index, large-size whole fresh HOG salmon from Norway has seen significant price increases over the last few weeks.
This week I’m exploring what these price increases, and the export volumes that Sitagri tracked for each size category, might tell us about salmon demand, particularly in China, where large fish (over 6 kilograms) are more desirable than in other markets.
According to the French benchmarking firm, the largest salmon (9+ kilograms) saw the most dramatic price and volume fluctuations recently. At the beginning of Q3, in Week 27, prices were relatively low at NOK 65.93 (USD, 6.91, EUR 6.18) and volumes sat at 58 metric tons (MT). Export volumes dropped significantly throughout the quarter, but not in a clear relationship to pricing.
