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NOK731.2 14.6  2.0%

Last Trade - 07/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.69bn
Enterprise Value £3.94bn
Revenue £544.7m
Position in Universe 162nd / 1838

REFILE-Price of Norwegian farmed salmon seen rebounding to 50-51 crowns next week

Fri 10th November, 2017 1:13pm
(Fixes headline) 
    OSLO, Nov 10 (Reuters) - The price of Norwegian farmed 
salmon is expected to recover next week to about 50-51 crowns 
per kilo, up from two-year lows set this week, due to lower 
supply, industry sources told Reuters on Friday. 
    "Prices are rising to around 50 crowns in Oslo. It's less 
volume," one producer, who declined to be named told Reuters. 
    An exporter, who also declined to be named, said he paid 50 
crowns to producer and sold it for 51 crowns in Oslo for export. 
    "Producers are slaughtering less fish, probably around 3,000 
tonnes compared with volumes (slaughtered) this week," the 
exporter said. 
    Both expected volumes to increase in December. 
    Salmon prices peaked at around 80 crowns per kilo in early 
January 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 Gwladys Fouche) 
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;)) 
 
Keywords: NORWAY SALMON/
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