Norwegian salmon price seen dropping to 50-53 crowns next week

Austevoll Seafood ASA

19/10/2018 13:00

OSLO, Oct 19 (Reuters) - The price for Norwegian farmed
salmon is expected to drop next week to 50-53 crowns from 54-56
crowns per kilo this week for deliveries in Oslo, two industry
sources told Reuters on Friday.
    "Prices are dropping, and we expect plus minus 50 crowns for
the main sizes (3-6 kilo), and a premium of salmon bigger than 6
kilo," said a producer who declined to be named.
    "We are at the time of the year when output growth is at the
highest," he added.
    An exporter also expected a drop, especially for fish of 6
kilos and more.
    "We have had a big drop on the biggest fish, for us prices
are down 12-13 crown, while the price drop is lower on the
smaller salmon," the exporter said.
    "We assume the average price in Oslo could be 53 crowns
compared to 55-56 this week," the exporter added.
    In the forward market all contracts up to 2020, except the
October 2018 contract, were above 60 crowns per kilo. The
highest price is for the December 2018 contract which stands at
67.10 crowns per kilo, according to data from Fish Pool.

 (Reporting by Ole Petter Skonnord, editing by Terje Solsvik)
 ((camilla.knudsen@thomsonreuters.com; +47 2331 6595; Reuters
Messaging: camilla.knudsen.thomsonreuters.com@reuters.net))