Norwegian salmon prices start climbing again
Prices for Norwegian salmon have begun to climb once again after remaining flat last 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 – increased to NOK 119.24 (USD 11.32, EUR 10.33) per kilogram in the fifteenth week of 2023.
That represents an average price increase of 6.95 percent, or NOK 7.75 (USD 0.74, EUR 0.67) from NOK 111.49 (USD 10.58, EUR 9.66), Nasdaq reported.
Current average prices are still well beyond the per-kilogram average from a year ago, when they averaged NOK 82.97 (USD 7.96, EUR 7.24).
The increase in price after a sudden drop in early April and continued high prices has heavily impacted sales volumes. According to Fish Pool, the reported total sales volume for Norwegian salmon exporters in the fifteenth week of 2023 increased 30 percent from last week, or 3,543 metric tons (MT), compared to the prior week. However, over the past five weeks, volumes have decreased 7 percent, or 5,582 MT, compared to the corresponding period of 2022.
Photo courtesy of qoppi/Shutterstock