Fish prices generally rise on Christmas Wednesday, Norwegian manufacturers say supply will be tight at the beginning of next year in Norway

Published 2024년 12월 24일

Tridge summary

In Norway, the manufacturer has announced a significant increase in salmon prices due to high buyer demand during Christmas week, with prices rising sharply since the middle of the previous week. The ex-factory price for 3-4 kg salmon in northern Norway is NOK 95/kg, and 4-5 kg salmon is around NOK 100/kg, marking a substantial increase of NOK 13/kg from the previous week. The market anticipates a supply shortage at the beginning of next year. Meanwhile, Norway's salmon export volume has grown by approximately 10% year-on-year in the past four weeks, and the biomass increased by 1.5% year-on-year at the end of November. Chilean salmon prices remain strong, supported by consistent harvests and managed inventories, with the price of Trim-D fillets sold to the US market remaining stable at a high level.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

There are only two working days in Norway during Christmas week. A Norwegian manufacturer said that salmon prices have risen rapidly since the middle of last week. Buyers' demand for Christmas week increased rapidly on the afternoon of December 20, and prices may rise further in the future. He pointed out that the ex-factory price of 3-4 kg in northern Norway is NOK 95/kg, and 4-5 kg is around NOK 100/kg, which is a significant increase of NOK 13/kg compared with the previous week. The entire Norwegian production area has harvested a large amount this autumn, and the market predicts that there will be a shortage of supply at the beginning of next year. Fearnley Securities analysts said that Norway's export volume increased by about 10% year-on-year in the past four weeks, and Norway's biomass increased by 1.5% year-on-year at the end of November. In the next few months, Norway will enter winter, and salmon farming will face the challenge of winter trauma. In week 52, the price of ...
Source: Foodmate

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.