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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

Price of Norwegian farmed salmon seen falling to NOK 47.5-48/kilo next week

Fri 2nd February, 2018 12:59pm
OSLO, Feb 2 (Reuters) - The price of Norway's farmed salmon 
is expected to drop to 47.5-48 crowns per kilo for deliveries in 
Oslo next week from about 53 crowns in the current week, 
industry sources told Reuters on Friday. 
    "It's difficult. Prices are down 5 crowns and we are at 
about 48 crowns per kilo in Oslo," said an exporter who declined 
to be named. 
    A producer confirmed the price drop.  
    "There are mixed opinions but we expect 47.5 crowns in Oslo. 
It has been a tough week due to more supply," the producer said. 
    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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