In the 35th week, prices for Norwegian salmon diverged, with medium and small sizes falling, while large sizes saw a slight increase, and the European and American markets remained sluggish.

According to sources, UCN has adjusted the FCA Oslo price assessment, with the price of 4-5kg head-on gutted (HOG) Atlantic salmon falling by NOK 0.50/kg to NOK 57.5/kg, while the 6-7kg segment rising by NOK 1.0/kg to NOK 65.5/kg.

Historically, August has been a month with relatively lower prices, as producers adjust farming density to avoid high temperatures and sea lice issues, but this year's average price has fallen by approximately NOK 13/kg compared to the previous two years. Mowi, the world's largest salmon producer, estimates that global production increased by 18% year-on-year in the second quarter, leading to an anomaly in spot prices.

In the U.S. market, the price of Norwegian Trim-D fillets remained stable in the 34th week, reflecting some easing of the imbalance between supply growth pressure and weak U.S. summer demand. Meanwhile, in the French Rungis market, Norwegian prices continued to fall, with declines ranging from €0.10 to €0.30/kg across various specifications.

In the 34th week, the price of Chilean fresh frozen salmon in the U.S. market remained stable, with supply-side pressure easing somewhat, but the overall market trend is still one of oversupply.

Finally, the Scottish salmon market weakened overall in the 34th week, with high-quality 5-6kg products falling from £5.50/kg to £4.90/kg, while 6kg+ increased by £0.20/kg to £6.20/kg.