Norwegian salmon price seen dropping to NOK 48-49/kilo next week - industry sources

Austevoll Seafood ASA

16/11/2018 13:08

OSLO, Nov 16 (Reuters) - The price for Norwegian farmed
salmon is expected to drop 3-4 crowns next week to 48-49 crowns
per kilo for deliveries in Oslo, two industry sources told
Reuters on Friday.
    One exporter predicted an average price of 48-49 crowns per
kilo, while another predicted 48 crowns.
    Both exporters declined to be named.
    "Everybody is talking about 65 crowns next year, but then
demand is dropping while output is high. We are not listening to
the market. There is also a lot of fish in storage", one
exporter said.
    In the forward market, prices for all contracts up to 2020
-- except for the November 2018 and fourth-quarter 2018
contracts -- were quoted above 60 crowns per kilo.   
    The highest price is for first-half 2019 contracts, which
stand at about 65-66 crowns per kilo, although prices have
dropped on all contracts on Friday.

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