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

Austevoll Seafood ASA

02/11/2018 13:19

OSLO, Nov 2 (Reuters) - The price for Norwegian farmed
salmon is expected to drop 3-5 crowns next week to 50-53 crowns
per kilo for deliveries in Oslo, two industry sources told
Reuters on Friday.
    "It's a nervous market but we expect a price in the range
50-52 crowns per kilo next week on the main sizes 3-4 and 4-5
kilos salmon," one producer who declined to be named said.
    He said prices have been dropping during this week after
starting at 55-57 crowns per kilo last Friday.
    "Output is high and the market is reluctant to pay more," he
added.
    An exporter confirmed the price drop.
    "So far we have not bought anything but the indications are
for an average price of 52-53 crowns for delivery in Oslo next
week. Compared to this week prices are down about 3 crowns," the
exporter said, adding this was due to holidays in Europe.    
    In the forward market prices are stable or down on Friday
but all contracts up to 2020, except the October and November
2018 contracts, were still above 60 crowns per kilo. 
    The highest price is for the December 2018 contract which
stands at 66.80 crowns per kilo, according to data from Fish
Pool.

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