Prices for Atlantic salmon from Norway rose across every weight category in Week 31, according to salmon benchmarking platform Sitagri Salmon Index.
According to Sitagri, which reports prices for head-on gutted (HOG) whole fresh fish in FCA Oslo at the first point of sale to exclusively European buyers, the Week 31 average for 3- to 6-kilogram salmon, the most popular weight, was NOK 69.94 (USD 7.34, EUR 6.36) per kilogram, up NOK 3.03 (USD 0.32, EUR 0.28), or 4.5 percent, from the Week 30 average of NOK 66.91 (USD 7.02, EUR 6.08) per kilogram.
The Sitagri all-sizes average came in at NOK 70.35 (USD 7.38, EUR 6.40) per kilogram, up NOK 3.33 (USD 0.35, EUR 0.30), or 5 percent, week over week (WoW)
The biggest fish saw the most price movement this week. Salmon weighing more than 9 kilograms was up 12.25 percent, or NOK 8.59 (USD 0.90, EUR 0.78) WoW, and salmon in the 8- to 9-kilogram category was up 6.3 percent, or NOK 4.63 (USD 0.49, EUR 0.42), WoW. Both categories saw low export totals this week (22 MT and 58 MT, respectively), however, which is what most likely caused the price increases.
In a break from recent supply/price patterns, prices increased in Week 31 while export volumes also increased WoW and year over year (YoY). Week 31 saw 26,958 MT exported from Norway, which was up 1,136 MT, or 4.4 percent, WoW and up 1,641 MT, or 6.5 percent, YoY.
- 1- to 2-kilogram fish averaged NOK 52.83 (USD 5.54, EUR 4.80) per kilogram, up NOK 1.27 (USD 0.13, EUR 0.12) week over week.
- 2- to 3-kilogram fish averaged NOK 63.30 (USD 6.64, EUR 5.75) per kilogram, up NOK 2.67 (USD 0.28, EUR 0.24) week over week.
- 3- to 4-kilogram fish averaged NOK 68.65 (USD 7.20, EUR 6.24) per kilogram, up NOK 2.57 (USD 0.27, EUR 0.23) week over week.
- 4- to 5-kilogram fish averaged NOK 69.67 (USD 7.31, EUR 6.34) per kilogram, up NOK 3.02 (USD 0.32, EUR 0.27) week over week.
- 5- to 6-kilogram fish averaged NOK 71.58 (USD 7.51, EUR 6.51) per kilogram, up NOK 3.50 (USD 0.37, EUR 0.32) week over week.
- 6- to 7-kilogram fish averaged NOK 74.30 (USD 7.79, EUR 6.76) per kilogram, up NOK 4.34 (USD 0.46, EUR 0.39) week over week.
- 7- to 8-kilogram fish averaged NOK 73.63 (USD 7.73, EUR 6.70) per kilogram, up NOK 1.32 (USD 0.14, EUR 0.12) week over week.
- 8- to 9-kilogram fish averaged NOK 77.79 (USD 8.16, EUR 7.07) per kilogram, up NOK 4.63 (USD 0.49, EUR 0.42) week over week.
- Fish weighing more than 9 kilograms averaged NOK 78.68 (USD 8.25, EUR 7.15) per kilogram, up NOK 8.59 (USD 0.90, EUR 0.78) week over week.
Forward prices for September, which sat at EUR 5,650 (USD 6,430, NOK 62,365) per MT last week, jumped to EUR 6,000 (USD 6,921, NOK 65,940) per MT this week. October, November, and December 2026 forward prices all edged higher as well, with October up to EUR 5,900 (USD 6,806, NOK 64,841) per MT from EUR 5,800 (USD 6,615, NOK 63,510) per MT, November up to EUR 6,130 (USD 7,071, NOK 67,389) per MT from EUR 6,100 (USD 6,957, NOK 66,795) per MT, and December up to EUR 6,550 (USD 7,555, NOK 71,985) per MT from EUR 6,420 (USD 7,322, NOK 70,299) per MT. January 2027 forward prices, newly reported this week, stood at EUR 7,720 (USD 8,905, NOK 84,837) per MT.
Expectations for Q3 2026 were up to EUR 5,947 (USD 6,862, NOK 65,351) per MT from EUR 5,767 (USD 6,563, NOK 63,656) per MT last week. Q4 2026 prices were also up, rising to EUR 6,800 (USD 7,844, NOK 74,732) per MT from EUR 6,700 (USD 7,625, NOK 73,955) per MT.
Q1 2027 held steady at EUR 8,250 (USD 9,516, NOK 90,668) per MT, unchanged from last week. Q2 2027 also remained flat, at EUR 7,917 (USD 9,134, NOK 87,048) per MT. Q3 and Q4 2026 were up to EUR 6,373 (USD 7,351, NOK 70,039) per MT, from EUR 6,233 (USD 7,093, NOK 68,800) per MT one week earlier. FishPool noted that Q3 and Q4 2026 last traded at EUR 6,350 per MT.
Expectations for the rest of 2027 held steady, with Q1 and Q2 2027 unchanged at EUR 8,083 (USD 9,324, NOK 88,832) per MT, and Q3 and Q4 2027 unchanged at EUR 6,517 (USD 7,517, NOK 71,632) per MT.
Full year 2027 remained at EUR 7,300 (USD 8,421, NOK 80,227) per MT, with FishPool reporting a bid of EUR 7,300 per MT against an offer of EUR 7,450 per MT. Prices for FY 2028 also held steady at EUR 7,540 (USD 8,697, NOK 82,865) per MT.
