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NOK731.2 0.0  0.0%

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 stable at NOK 69-72/kg next week -sources

Fri 9th March, 2018 1:06pm
OSLO, March 9 (Reuters) - The price of Norwegian farmed
salmon is expected to remain  around 69-72 crowns per kilo for
Oslo delivery next week, due to limited harvesting, but may
decline in the coming weeks, industry sources told Reuters on
Friday.
    "There will certainly be a price correction, but it is hard
to say exactly when," said a producer who declined to be named.
    A fish exporter said the market was already hesitant after
prices rose from around 50 crowns per kilo in late January.
    "In the long run, prices above 70 crowns are too difficult,"
he added.
    Salmon prices peaked at around 80 crowns per kilo in early
January of 2017 at a time when supply constraints supported
prices, but have since fallen as volumes grew.
    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 Camilla Knudsen, editing by Terje Solsvik)
 ((camilla.knudsen@thomsonreuters.com; +47 2331 6595; Reuters
Messaging: camilla.knudsen.thomsonreuters.com@reuters.net))
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