The Surge in Norwegian Fresh Salmon Prices in W11 Was Due to Decreased Export Volume

In W11, the cost of fresh salmon HON, sized 3-6 KG FCA Oslo, continued to rise to USD 12.27/kg. This is due to a 1% WoW and a 20% YoY drop in the export volume. Over the last 5 weeks, the exported volume has dropped by 16% compared to the same period in 2022, causing a significant surge in salmon prices. In addition, the exchange rate of EUR/NOK has also contributed to the high prices.