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Last Trade - 07/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.53bn
Enterprise Value £3.80bn
Revenue £529.9m
Position in Universe 164th / 1832

Norwegian salmon price seen easing to NOK 64-65 next week -sources

Fri 20th April, 2018 1:11pm
OSLO, April 20 (Reuters) - The price of Norwegian farmed
salmon is expected to drop about two crowns to a range of 64-65
crowns per kilo for deliveries in Oslo next week, industry
sources told Reuters on Friday.
    It would be the third successive week of declining prices
from a peak around the Easter holiday.
    "We expect 64 crowns per kilo next week, down a couple of
crowns from this week," said an exporter who declined to be
named.
    A salmon producer confirmed a price drop was likely, adding
that 64-65 crowns per kilo was the most probable scenario.
    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.
    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.
    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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