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Last Trade - 07/05/21

Consumer Defensives
Large Cap
Market Cap £3.53bn
Enterprise Value £3.80bn
Revenue £529.9m
Position in Universe 163rd / 1832

Norwegian salmon price seen easing next week -sources

Fri 13th April, 2018 1:20pm
OSLO, April 13 (Reuters) - The price of Norwegian farmed
salmon is expected to drop about two crowns to a range of 66-68
crowns per kilo for deliveries in Oslo next week, industry
sources told Reuters on Friday.
    "Prices are slightly down, somewhere between 65-70, I
suppose 67-68 compared to 69 crowns in the current week," said a
producer who declined to be named.
    A fish exporter also expected a fall.
    "The market is down two crowns to 66 crowns," he said.
    In late January, the price of salmon stood at around 50
crowns per kilo, on fears of strong supply growth, but a cold
Norwegian winter has since resulted in slower growth in fish
stocks, sending prices to 75 crowns around Easter.
    The smaller-than-expected supply growth may lead to higher
prices in April and May, while June may see some relief for
buyers, the exporter said.
    Norway is the world's top salmon exporter, and the share
price of listed farming companies depends heavily on changes in
the price of fish.
    Average production costs for whole fish, including the cost
of harvesting, rose by 13 percent to 34.29 crowns per kilo in
2016, according to data from the Norwegian Directorate of
Fisheries (2017 data is not fixed).
    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 .

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