US: Norwegian salmon prices flatten out after a month of increases

Published 2024년 2월 21일

Tridge summary

The average price of Norwegian salmon in the seventh week of 2024 was NOK 108.52, marking a slight decrease from the previous week but an 11.27% increase over the past four weeks, according to the Nasdaq Salmon Index. The price fluctuated based on the size of the salmon, with larger sizes experiencing the most significant price drops. Future pricing for February saw a slight increase, while March's futures declined. Norway's exports of salmon and trout decreased to 13,738 metric tons, with the majority going to European countries. Meanwhile, both China and the U.S. reported a decrease in their imports, with the U.S. experiencing a more significant drop.

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

Original content

Norwegian salmon prices remained relatively flat week-over-week in the seventh week of 2024 after inching up over the past few weeks following a significant jump.According to the Nasdaq Salmon Index which provides weekly sales updates and a weighted average price for fresh, head-on gutted Atlantic superior salmon from Norway, the average per-kilogram price of Norwegian salmon in the seventh week of 2024 reached NOK 108.52 (USD 10.33, EUR 9.56) a slight decrease of NOK 0.51 (USD 0.05, EUR 0.04), or .47 percent, from last week’s NOK 109.03 (USD 10.30, EUR 9.60).The slight decline hasn't slowed salmon pricing overall, as the index reported the average per-kilo price of Norwegian salmon is up by NOK 10.99 (USD 1.05, EUR 0.97), or 11.27 percent, over the past four weeks – and up NOK 29.96 (USD 2.86, EUR 2.64) over the past 12 weeks.Salmon between 1 and 2 kilograms accounted for just under 1 percent of total sales and reached an average price of NOK 75.03 (USD 7.15, EUR 6.62) up from ...

Source: Seafoodsource