P/F Bakkafrost logo

BAKKAo - P/F Bakkafrost News Story

NOK731.2 0.0  0.0%

Last Trade - 07/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.61bn
Enterprise Value £3.88bn
Revenue £528.3m
Position in Universe 161st / 1836

Norway salmon price seen falling

Fri 11th January, 2019 1:18pm
OSLO, Jan 11 (Reuters) - The price of Norwegian farmed
salmon is expected to drop again next week due to increasing
output in the New Year, two industry sources told Reuters on
Friday.
    "We expect between 55 to 58 crowns per kilo in Oslo next
week," said a producer who declined to be named.
    This week prices were about 60-61 crowns per kilo.
    "There is still a lot of fish to be harvested and growth
conditions are good. Output will only fall if water temperatures
drop," he added.
    A fish exporter expected prices to be largely flat for next
week but a quiet market would probably lead to lower prices
later on, he said.
    In the forward market, contracts up to 2020 -- except for
the third-quarter 2019 contract -- were still quoted above 60
crowns per kilo.
    The January contract stood at 63 crowns per kilo, down 1.5
crowns since last Friday.

 (Reporting by Ole Petter Skonnord, editing by Terje Solsvik)
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.