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Nasdaq: salmon prices continue their descent in week 9

On average prices are now nearly NOK 11 per kilo lower than they were 12 weeks ago.

Norwegian salmon prices continued their descent in week nine and are down nearly 11 percent compared with a month ago, and almost 16 percent compared with 12 weeks ago, according to the latest figures from Nasdaq.

At NOK 58.44 (€6.50/$6.90) per kilo on average, salmon prices in week nine are now 6.17 percent, or NOK 3.84 (€0.43/$0.45), lower than a week ago and 10.55 percent, or NOK 6.89 (€0.77/$0.82), per kilo lower than a month ago.

Compared with 12 weeks ago, prices are now 15.63 percent and NOK 10.83 (€1.20/$1.30) per kilo on average lower, Nasdaq reported.

Prices were down across the board this week.

The most popular size during the week was 5-6 kilograms – accounting for 27 percent of the market -- which was selling at an average price of NOK 59.30 (€6.60/$7) per kilo, down NOK 4.20 (€0.47/$0.50) per kilo compared with the week prior.

The second-most popular size was 4-5 kilograms, accounting for around 26.64 percent of the market and selling at average prices of NOK 59.40 (€6.70/$7) per kilo, down by NOK 4 (€0.45/$0.47) per kilo compared with the previous week.

Another popular size category was 3-4 kilograms -- accounting for 19.36 percent of the market – which also decreased by NOK 4.42 (€0.49/$0.52) per kilo over the week, down to NOK 58.60 (€6.60/$6.90) per kilo.

 

 

 

The Nasdaq Salmon Index is the weighted average of weekly reported sales prices and corresponding volumes in fresh Atlantic superior salmon, head on gutted (HOG), reported to Nasdaq Commodities by a panel of Norwegian salmon exporters and salmon producers with export licenses.

The panel is representative for the total exports out of Norway.

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