Norway salmon price seen falling below NOK 60 next week

Austevoll Seafood ASA

18/01/2019 13:30

OSLO, Jan 18 (Reuters) - Norwegian farmed salmon is expected
to trade in a range of 57-59 Norwegian crowns per kilo next
week, down from 60-62 crowns this week, two industry sources
told Reuters on Friday.
    "On average we forecast 57-58 crowns next week from 60-62 
crowns this week. The biggest fish is dropping 4-5 crowns while
smaller fish is keeping up better," said one producer who
declined to be named.
    "We expect prices to slip a bit more. High volumes are being
harvested and January is traditionally a slow month," he added.
    An exporter said he expected an average price of 59 crowns
compared with 60 this week.
    "The market is working quite well but there is a drop for
the larger fish," the exporter said.
    In the forward market most contracts up to 2020 were
dropping or unchanged. All contracts were still quoted above 60
crowns per kilo except for the third-quarter 2019 contract,
which stood at 59,87 crowns.
    The January contract stood at 61.75 crowns per kilo, down
1.25 crowns since last Friday.

 (Reporting by Ole Petter Skonnord, editing by Terje Solsvik)
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;))