Global salmon prices have experienced a rare plunge, with Norwegian prices falling by more than 30% in two weeks

Published 2024년 6월 3일

Tridge summary

The price of Norwegian salmon has seen a significant decline for two consecutive weeks due to increased supply and winter trauma affecting production. In the 22nd week, prices for 4-5kg HOG dropped by NOK 15-20/kg, and in the 23rd week, they fell further to around NOK 85/kg, with the lowest at NOK 75/kg. Similar trends are observed in the European, UK, and Chilean markets, driven by increased supply and weak market consumption. The global salmon shortage is easing, leading to more fresh whole fish exports from Norway and expected further price drops in Chile due to high production levels.

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

Original content

According to the salmon quotations published on the UCN English website every Friday, the price of Norwegian salmon has dropped sharply for two consecutive weeks. In the 22nd week, the price of 4-5kg HOG fell by NOK 15-20/kg, and this week it fell by NOK 20/kg to around NOK 85/kg, with the lowest price even being NOK 75/kg. A European processor said that in the 23rd week, the price of 4-5 kg delivered to the Polish factory fell to €8.20/kg, and 3-4 kg fell to €7.95/kg. Another British buyer said: "Last week, Norwegian exporters left a lot of unsold salmon. This week, the price of HOG fresh fish shipped to the UK was 8.50/kg, and last week it was 10.40/kg. For producers, the price has fallen by more than 30% in two weeks." The main reason for the price plunge is the recent significant increase in supply and the "industrial fish" (production fish) caused by winter trauma. The impact of the global salmon shortage is getting smaller and smaller. The processing volume of local fish ...

Source: Foodmate