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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 163rd / 1832

Norwegian salmon price seen falling, may hit NOK 67/kg next week -sources

Fri 6th April, 2018 1:53pm
OSLO, April 6 (Reuters) - The price of Norwegian farmed
salmon is expected to drop next week, partly reversing a recent
surge, industry sources told Reuters on Friday.
    One market source, who declined to be named, estimated a
price drop by around 8 crowns to 67 crowns per kilo for delivery
in Oslo. 
    Prices this week were in the range 74-75 crown, pushed up by
low harvesting during Easter.
    "It's still a high price for next week but down 8 crowns
from the current week, the exported said, adding that 60 crowns
would have been a more reasonable level to balance demand and
supply.
    A producer, who also declined to be named, said prices were
declining, although it was too early to say exactly which level
it would settle at for deliveries next week.
    In late January, prices were close to 50 crowns per kilo.
    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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