Price of Norwegian salmon seen rising slightly next week

Austevoll Seafood ASA

03/08/2018 13:45

OSLO, Aug 3 (Reuters) - The price of farmed Norwegian salmon
is expected to rise slightly next week from this week's 52-53
Norwegian crowns  ($6.32-$6.44) per kilo, industry sources said
on Friday.
    "There is still a wait-and-see attitude, but as it seems now
we expect the price of bigger fish to rise somewhat while other
sizes will remain stable," said a producer who declined to be
named.
    A fish exporter also predicted a rise in prices of bigger
fish.
    "We are in the mid-40s on 2-3 kilo salmon. On the bigger
sizes we are up 1-1.5 crowns and we estimate about 51.5 crowns
for 3-4 kilo salmon. 53.5 crowns for 4-5 kilo salmon, 56 crowns
for 5-6 kilo salmon and 58-64 crowns for bigger sizes than 6
kilos," the exporter said.
    Final prices for this week will be settled on the Nasdaq
Salmon bourse on Tuesday of 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 = 8.2268 Norwegian crowns)

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