Norwegian salmon prices fall after hitting record high

In week 16, the index fell by 7.6% to NOK 126.99 per kg, or 7.9% in euros to EUR 10.90 per kg. In kroner terms, this means that prices have risen by 16.5% over the past four weeks, exceeding the high reached in March 2023, mainly due to the Easter holidays affecting the harvest for two consecutive weeks. In addition, the increasing supply of secondary fish, which must be processed domestically and cannot be exported as fresh whole salmon, also contributed to the price increase. In week 16, the price drop led to a narrowing of the annual gap compared to the same week in 2023 to about NOK 6: Salmon prices fell across the size range in week 16, with larger sizes slightly below the more popular, slightly smaller fish. Prices of 1-2 kg salmon fell sharply: At the same time, Fish The Pool shows that prices fell by 5.9% in week 16 of 2024 to NOK 130.25 per kg in kroner terms and by 6.8% in euro terms to EUR 11.13 per kg. Exports in week 16 fell by 1,249 tonnes (10%) from the previous ...