P/F Bakkafrost logo

BAKKAo - P/F Bakkafrost News Story

NOK731.2 0.0  0.0%

Last Trade - 07/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.61bn
Enterprise Value £3.88bn
Revenue £528.3m
Position in Universe 161st / 1836

Price of Norwegian farmed salmon seen down to NOK 50-53 next week

Fri 5th January, 2018 1:10pm
OSLO, Jan 5 (Reuters) - The price of Norway's farmed salmon 
is expected to drop to a range of 50-53 crowns per kilo next 
week for deliveries in Oslo from 54-55 in the current week as 
output begins to rise, industry sources told Reuters on Friday. 
    The decline follows two weeks of rising prices during the 
peak Christmas season. 
    "Prices are dropping, probably down towards 50 crowns," said 
a fish exporter, who declined to be named. 
    A salmon producer expected a slightly smaller drop in 
prices. 
    "It's quiet but it seems we will have prices at around 52-53 
crowns next week," he said. 
    "Production has recovered after Christmas," he added. 
    Final prices for the current week are settled on the Nasdaq 
Salmon bourse on Tuesday next week. 
    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 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/
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.