On-the-Ground Updates

Wild Salmon Oversupply in Portugal Explains the Decrease in Chilean Salmon Imports

Market & Price Trends
Guilherme Rua
Published Oct 31, 2022
The imports of Chilean salmon into Portugal dropped from late September to mid-October. This is caused by the prices for Chilean salmon, which stood at USD 7.60–7.80/kg, remaining slightly higher than Norwegian fresh salmon, which arrives in Portugal at around USD 7.16–7.26/kg. Along with this, the Portuguese market has recently been flooded with some wild salmon of North American origin, mostly grade 2, a low quality salmon, which explains the recent decrease in imports from Chile. The CIF prices for wild salmon are much lower and range between USD 6.60-6.80/kg.
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