Norwegian salmon prices are up by 41 percent over the past 12 weeks

Published 2024년 4월 18일

Tridge summary

In week 15 of 2024, the average price of Norwegian salmon surged to NOK 137.41 per kilogram, a 1.57 percent increase from the previous week, showcasing a notable 41 percent growth over the last 12 weeks as reported by the Nasdaq Salmon Index. This price hike was observed across various weight categories, except for the 7 to 9-kilogram range which experienced a decrease. Concurrently, futures pricing for Norwegian salmon is anticipated to continue its upward trajectory. Despite a decrease in the overall import of Norwegian salmon, the United States marked a significant increase in its imports, from 35 metric tons (MT) to 51 MT. Additionally, Norway's salmon export volume saw an uptick in week 15, primarily to European markets, indicating a robust demand for Norwegian salmon globally.

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

Original content

The average per-kilogram price of Norwegian salmon reached NOK 137.41 (USD 12.48, EUR 11.73) in week 15 of 2024, up from 1.57 percent from the previous week’s 135.28 (USD 12.46, EUR 11.61).According to the Nasdaq Salmon Index, a database that provides weekly sales updates and a weighted average price for fresh, head-on gutted Atlantic superior salmon from Norway, average prices have increased 27.37 percent over the past four weeks and nearly 41 percent over the past 12 weeks.Salmon between 1 and 2 kilograms accounted for 0.7 percent of total sales during the 15th week of 2024 and reached an average price of NOK 104.82 (USD 9.52, EUR 8.94), up from week 14’s 103.37 (USD 9.54, EUR 8.88). Salmon between 2 and 3 kilograms comprised 8.63 percent of total sales and sold for an average of NOK 120.96 (USD 10.98, EUR 10.32) up from last week’s NOK 119.60 (USD 11.04, EUR 10.28). Salmon in the 3- to 4-kilogram range comprised 23.29 percent of total fish sold and had a per-kilo average price ...

Source: Seafoodsource