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Nasdaq: Farmed salmon prices keep tumbling in week 10

Prices down 10% compared to a month ago.

Norwegian salmon prices continued dropping in week 10 and are down 16 percent compared to 12 weeks ago, according to the latest figures from Nasdaq.

At NOK 57.36 (€6.26/$6.66) per kilo on average, salmon prices in week 10 are now 2 percent, or NOK 1.08 (€0.12/$0.13), lower than a week ago and 10.35 percent, or NOK 6.62 (€0.72/$0.77), per kilo lower than a month ago.

Compared with 12 weeks ago, prices are now 21.69 percent, or NOK 15.89 (€1.74/$1.85) per kilo, lower, Nasdaq reported.

Prices were down slightly across the board this week.

The most popular size during the week was 4-5 kilograms – accounting for 26.06 percent of the market. Fish this size were selling at an average price of NOK 58.29 (€6.36/$6.77) per kilo, down NOK 1.11 (€0.12/$0.13) per kilo compared with the week prior.

The second-most popular size was 5-6 kilograms, accounting for around 23.23 percent of the market. These fish were selling at average prices of NOK 58.24 (€6.36/$6.76) per kilo, down by NOK 1.06 (€0.12/$0.13) per kilo compared with the previous week.

Another popular size category was 3-4 kilograms -- accounting for 19.43 percent of the market; their prices also decreased by NOK 0.26 (€0.49/$0.52) per kilo over the week, down to NOK 58.34 (€6.37/$6.78) 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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