Farmed salmon prices mixed across global markets

Published 2024년 11월 4일

Tridge summary

The spot price of farmed salmon in Norway and Scotland is predicted to fall in week 45 of 2024, while Chilean salmon prices have slightly increased. This fluctuation is attributed to various factors including European holidays, demand patterns, and supply levels. In Norway, the price drop is due to high supply levels, while in Scotland, it's due to weak demand. In the US, the rise in Chilean salmon prices is due to a decrease in supply and the impact of public holidays. The Chinese market has seen a significant rebound in imported salmon prices, driven by increased demand after the Golden Week holiday. Factors such as holiday demand and supply uncertainties are expected to continue to influence salmon market prices in the coming weeks.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to market data, the spot price of farmed salmon in Norway and Scotland is expected to continue to decline in week 45 of 2024 (the week of November 4), while the price of Chilean salmon has risen slightly. Overall, the price trends in major markets show different fluctuations, mainly affected by European holidays and demand. After experiencing high supply in September and early October, the Norwegian salmon market has gradually recovered to the same period of previous years. At present, the price of Norwegian salmon of 4-5 kg has dropped by at least 5 Norwegian kroner (NOK) to 68 NOK per kg. A European processor revealed that the landed price of 3-4 kg salmon in week 45 was 6.05 euros/kg , 4-5 kg size is 6.50 euros/kg, and 5-6 kg size is 6.90 euros/kg. These prices fell by 0.20 to 0.40 euros compared with the previous week. The recent price fluctuations are also affected by the holidays in many European countries on November 1 and 11, and weak demand has exacerbated the ...

Source: Foodmate