Prices for Norway’s farmed Atlantic salmon remained very high throughout August, with prices for fresh fish averaging NOK 58 (USD 6.98, EUR 6.26) per kg, up 40 percent year-on-year. Though prices have been lower this month – at around NOK 56 (USD 6.74, EUR 6.04) per kg – in line with the improved supply, future prices of 3 to 6 kg fish will continue to be high over the coming months, with analysts expecting them to be at levels of around NOK 55.10 (USD 6.63, EUR 5.94) per kg next month, NOK 60.80 (USD 7.32, EUR 0.66) in November and NOK 63.80 (USD 7.68, EUR 6.88) in December.
The average FOB price at Norwegian Customs for fresh salmon so far in 2016 is NOK 59.66 (USD 7.18, EUR 6.43) per kg, up 35 percent year-on-year.
The average price of frozen salmon exports at the start of September was NOK 63.07 (USD 7.59, EUR 6.80) per kg, up 35 percent compared with the same period of 2015. For the year to date, the average price of this product has been NOK 55.93 (USD 6.73, EUR 6.03) per kg, up 27 percent year-on-year.
According to Norwegian Statistics, the country had exported 517,821 metric tons (MT) of fresh salmon and 11,125 MT of frozen salmon by the first week of September, representing year-on-year decreases of 7 percent and 34 percent respectively.
In the first eight months of this year, Norway’s salmon exports totaled NOK 37.8 billion (USD 4.5 billion, EUR 4.1 billion), an increase of 29 percent or NOK 8.5 billion (USD 1 billion, EUR 917 million) year-on-year.
Poland and France have continued to be the main buyers of Norwegian salmon this year.
Norway’s total salmon harvest is expected to drop by approximately 100,000 MT this year to 1.1 million MT.
