Norway’s farmed Atlantic salmon (Salmo salar) prices continued to climb throughout May and while they are likely to be at historically very high levels at least through to the end of the summer, they are expected to decline somewhat through June, July and August as supplies improve.
In mid-May, the average export price for the Scandinavian country’s fresh whole salmon was NOK 65.71 (USD 7.88, EUR 7.06) per kg, which was more than 60 percent higher than a year previously.
Analysts forecast the future price of 3 to 6 kg fish to slide to around NOK 59.50 (USD 7.14, EUR 6.39) per kg in June, and then drop further to NOK 57.90 (USD 6.94, EUR 6.22) in July and NOK 55.50 (USD 6.66, EUR 5.96) in August.
The average FOB price for fresh salmon so far in 2016 was NOK 57.55 (USD 6.90, EUR 6.18) per kg, up 38 percent year-on-year.
The average price of frozen salmon exports in mid-May was NOK 50.17 (USD 6.02, EUR 5.39) per kg, up 12 percent compared with the same stage of 2015. For the year to date, the average price of this product was NOK 51.35 (USD 6.16, EUR 5.51) per kg, up 14 percent year-on-year.
According to Norwegian Statistics, the country had exported 297,196 metric tons (MT) of fresh salmon and 6,228 MT of frozen salmon by mid-May, representing an increase of 7 percent and a decrease of 32 percent year-on-year, respectively
However, its salmon total harvest is expected to drop by 100,000 MT this year to 1.1 million MT.
