Christmas demand heats up, Norwegian salmon prices rise slightly

Last week, due to oversupply and price pressure from European buyers, salmon prices fell. However, several exporters said that market sentiment has improved significantly this week as European processing plants start preparing for Christmas production. One exporter said, "This week has been generally positive, with increased demand from Europe for Christmas production." Some fish farmers said that last week, the price of salmon was around 75 Norwegian kroner per kilogram (approximately 6.35 euros/7.32 dollars), but this week they have heard quotes rising to 80 Norwegian kroner per kilogram (approximately 6.78 euros/7.81 dollars) or even slightly higher, especially for large sizes over 4 kilograms. He said, "Last week, prices fell sharply, but now we have received signals of a price rebound. Based on experience, the market will get better in the coming weeks." However, some exporters remain cautious. He believes the market is still waiting to see, and as Christmas approaches, ...