Prices for Norway’s farmed Atlantic salmon have steadily declined over the past six months – from an average of NOK 72.42 (USD 9.01, EUR 7.74) per kg of fresh fish in the second week of January to NOK 65.71 (USD 8.18, EUR 7.02) per kg in the first week of July –12 percent lower than in corresponding week of last year. Although reflecting the high prices seen over the past two years, this latest price was 65 percent more than at the same stage of 2015.
With supplies remaining tight, future prices of 3 to 6 kg fish will continue to be relatively high over the coming months. Analysts are now expecting them to be at levels of around NOK 65.10 (USD 8.10, EUR 6.95) per kg this month, and continuing to fall to NOK 60.30 (USD 7.50, EUR 6.44) in August and then to NOK 57.30 (USD 7.13, EUR 6.12) in September.
Nevertheless, the average FOB price at Norwegian Customs for fresh salmon so far this year is NOK 66.61 (USD 8.29, EUR 7.12) per kg, up 12 percent year-on-year, and 61 percent more than at the same stage of 2015.
The average price of frozen salmon exports, meanwhile, was NOK 67.95 (USD 8.46, EUR 7.25) per kg, up 27 percent compared with the same period of last year and 55 percent more than in 2015.
According to Norwegian Statistics, in the first six months of this year the country exported 390,367 metric tons (MT) of fresh salmon – down 1 percent year-on-year, and 11,277 MT of frozen salmon (down 17 percent).
