Factory shutdown causes pre-holiday surge in Norwegian salmon prices

Last week, exporters were still struggling to digest the unsold fish, and market prices had even declined. However, as the Christmas holiday approached, most processing plants had already shut down for the holidays, and market supply quickly tightened. One fish farmer said, "Our processing plant has closed, and I am now buying a Christmas tree." Exporters generally believe that starting this week, salmon prices will see a noticeable rebound. One exporter revealed that there were rumors of prices reaching 115 Norwegian kroner per kilogram in the Oslo market. "When people talk about high prices, it's usually the big companies setting the pace," he added, "but there are indeed signs of a price increase." Another exporter pointed out that although the overall demand before the holiday was weak, buyers willing to purchase were bidding aggressively, especially for medium to large sizes of 3 kilograms or more. "Although holiday orders are limited, whoever wants the fish has to pay a high ...