Price of Norwegian salmon seen broadly unchanged next week

Austevoll Seafood ASA

27/07/2018 13:32

OSLO, July 27 (Reuters) - The price of farmed Norwegian
salmon is seen broadly unchanged at around 50-51 Norwegian
crowns ($6.1-$6.2) next week in a quiet summer market, industry
sources said on Friday.
    "Prices are very stable. There is a downward pressure on
smaller fish (prices), otherwise they are stable. Overall, we
expect prices to average at about 50-51 crowns in Oslo," one
exporter, who declined to be named, told Reuters.
    Another exporter, who also declined to be named, said he
expected a small decline in prices. 
    "We are still negotiating, but it seems prices will drop
about 1 crown. Price for 3-4 kilos salmon is at about 49 crowns
in Oslo next week, while bigger sizes are priced higher. In
average we might see prices at about 50 crowns per kilo," he
said.
    One salmon producer said he expected prices to remain stable
at around 51 crowns per kilo.
    "It's quiet, but prices for salmon smaller than 4 kilos are
down, 4-6 kilos are stable, and salmon bigger than 6 kilos is
priced higher. In average we expect stable prices at about 51
crowns for deliveries in Oslo next week," the producer said.
    Final prices for this week is settled on the Nasdaq Salmon
bourse on Tuesday next week.
    Norway is the world's top salmon producer, with fish farming
the country's second-largest export industry after oil and gas.
The share price of listed farming companies depends heavily on
changes in the price of fish.
     Leading Norwegian producers include Marine Harvest
 MHG.OL , Salmar  SALM.OL , Leroy Seafood  LSG.OL , Grieg
Seafood  GSFO.OL  and Norway Royal Salmon  NRSM.OL .
($1 = 8.1990 Norwegian crowns)

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