Norwegian salmon prices break 51 kroner, reaching a new high, with Asian buyers as the main support.

The core driving force behind the current price surge is the significant reduction in quotas. Norway's total mackerel catch volume for 2025 has been reduced to 152,000 tons, a decrease of about one-third compared to the previous year, with fishing vessels completing their annual operations by October 23, tightening supply ahead of schedule. Strong global demand and market expectations of further quota reductions for 2026 have jointly pushed up prices. Although export value, supported by high prices, still reached 1.3 billion Norwegian kroner, the year-on-year decline only narrowed to 47%, showing that the market is in a typical "supply-driven" bull market pattern. Under the high prices, acceptance in major import markets has shown significant differentiation. Asian buyers have become the main support force for global high prices. South Korea purchased 1,512 tons at 53.53 Norwegian kroner per kilogram, and China bought 480 tons at 52.23 Norwegian kroner, both at historical highs; ...