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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

Price of Norwegian farmed salmon seen at NOK 52-54/kilo next week

Fri 26th January, 2018 1:33pm
OSLO, Jan 26 (Reuters) - The price of Norway's farmed salmon 
is expected to be in the range 52-54 crowns per kilo for 
deliveries in Oslo next week, little changed from the current 
week, industry sources told Reuters on Friday. 
    Prices in the current week ranged from 53-55 crowns, 
somewhat better than the initially expected 53 crowns.  
    "Prices in Oslo are stable at around 53-54 crowns next 
week," one producer who declined to be named told Reuters. 
    "It's OK, though some pressure down on the big fish," he 
added. 
    An exporter expected prices to drop somewhat. 
    "Prices are down a couple of crowns to around 52-53 crowns 
in Oslo compared to 55 in the current week," he said. 
    "It's been quite balanced but I am a bit concerned because 
our customers are building stocks while final consumption is 
low," the exporter 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. 
    Production growth from Norway is expected to be around 9 
percent in 2018, the Norwegian Seafood Council predicted in 
early January.  urn:newsml:reuters.com:*:nL8N1P32Q4 
    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) 
 ((olepetter.skonnord@thomsonreuters.com; +47 952 79 474; 
Reuters Messaging: 
olepetter.skonnord.thomsonreuters.com@reuters.net)) 
 
Keywords: NORWAY SALMON/
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