Prices have extended a 10-day run, and lower harvest expectations are keeping the pressure on, executives tell IntraFish.
Norwegian farmed salmon prices are continuing their upward run, with a nearly NOK 10 per kilo climb over the past 10 days, sources told IntraFish.
“This is a suprisingly strong shift,” one importer told IntraFish.
The continued climb, expected to extend into next week, is likely do to expectations of a somewhat lower harvest next week, the importer said.
One Norwegian exporter told IntraFish the market is “a bit all over the place and challenging.”
“But it’s up, that’s for sure,” he said.
The exporter estimated around a NOK 5 per kilogram rise. He was also suprised by the climb over the past two weeks.
“It’s strange people haven’t been selling down inventories,” he said.
Both of the executives said there is still significant volumes of fish available to bring to the market.
Other industry members told IntraFish late Friday they were surprised at the increase.
“It’s a bit scary to have such a big upturn,” one exporter said.
The following average range of prices were provided:
- 3-4 kg – 45-46 NOK / kg
- 4-5 kg - 47-49 NOK / kg
- 5-6 kg – 51-53 NOK / kg
- 6 kg + – 55-59 NOK / kg (traders were highlight uncertain on price ranges for larger fish, however)
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