According to market feedback, the price of Norwegian salmon this week increased by NOK 4-5/kg, with a relatively large supply of large-sized salmon, so the premium over medium and small sizes is not particularly significant.
The latest assessment from UCN shows that the average price for FCA Oslo head-on gutted (HOG) salmon in the 4-5kg size is NOK 78/kg, up NOK 5/kg from last week; the average price for 6-7kg salmon is NOK 83/kg, with an increase of NOK 5/kg.
Fearnley Securities, citing the latest data from the Norwegian Directorate of Fisheries, indicates that as of the end of September, the total biomass of Norwegian salmon (live fish equivalent) was 88.9 million tons, a decrease of 0.2% from the same period last year, but with an average weight increase of 4.9%; the catch volume for September was 168,000 tons (whole fish equivalent), a decrease of 7.6% year-on-year, making it the only month this year with a year-on-year decrease in production. Meanwhile, the biomass of major Norwegian salmon producers has approached the upper limit of their licensed authorization, the number of individual salmon is decreasing, while the average weight is increasing, suggesting that the peak catch period may have passed, and it is expected that spot prices in the fourth quarter will show an upward trend.
In addition, DNB (Norway's largest bank) recently raised its 2026 average salmon price forecast to NOK 95/kg (previously NOK 86/kg) and predicts that global market demand will remain relatively strong in the near future.
In the 43rd week, the wholesale price of Norwegian salmon in the U.S. market increased, with Trim-D fillets rising by $0.25/lb.
The price increase of Norwegian salmon has also driven up the prices in Chile, with a slight increase in the price of Trim-D fillets in the U.S. wholesale market in the 43rd week, and many importers believe that the price trough has passed.
Finally, in the 44th week, the price of Scottish salmon increased significantly, with a rise of £0.20/kg for 5-6kg salmon, priced at £6.40/kg; 6-7kg salmon is priced at £7.30/kg.