Norway’s farmed Atlantic salmon prices peaked in mid-May at NOK 65.71 (USD 7.94, EUR 7.06) per kg for fresh fish, which was more than 60 percent higher than a year previously, but have now started to decline in line with improving supplies.
Analysts forecast the future price of 3 to 6 kg fish to average around NOK 61.50 (USD 7.43, EUR 6.61) per kg in June, falling to NOK 60 (USD 7.25, EUR 6.44) in July and NOK 56 (USD 6.77, EUR 6.01) in August.
The average FOB price for fresh salmon so far in 2016 was NOK 57.55 (USD 6.96, EUR 6.18) per kg, up 38 percent year-on-year.
The average price of frozen salmon exports at the end of May was NOK 52.15 (USD 6.30, EUR 5.60) per kg, up 27 percent compared with the same stage of 2015. For the year to date, the average price of this product was NOK 51.39 (USD 6.21, EUR 5.52) per kg, up 15 percent year-on-year.
According to Norwegian Statistics, the country had exported 313,520 metric tons (MT) of fresh salmon and 6,793 MT of frozen salmon by the end of May, representing year-on-year decreases of 7 percent and 35 percent, respectively.
During this five-month period, the country’s salmon exports totaled NOK 23 billion (USD 2.8 billion, EUR 2.5 billion), an increase of 28 percent or NOK 5 billion (USD 611.4 million, EUR 538.6 million) year-on-year. Poland and France have continued to be the biggest buyers of Norwegian salmon this year.
Norway’s total harvest is expected to drop by 100,000 MT this year to 1.1 million MT.
