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Norwegian farmed salmon prices see 'surprising' hike

A quiet week for Norwegian farmed salmon exporters is coming up as the Easter holiday looms.

Norwegian Atlantic salmon price rose from levels seen last Friday -- much to the surprise of industry watchers. Lower volumes are expected next week due to the upcoming Easter holiday.

IntraFish was told prices have gone up, but remained flat for bigger sizes, and that buyers are somewhat hesitant.

“It has been a hard week for us exporters," one source told IntraFish, adding due to the quiet and difficult market he lost NOK 1 (€0.11/$0.12) per kg on everything he sold.

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“Customers bought a lot of cheap surplus fish throughout the week, and we have sold at a loss," the exporter said. "There are many frustrated exporters right now."

Another exporter agreed, telling IntraFish the price hike is "surprising." He talked of a "calm market," also in light of the Easter holiday next week.

A third exporter informed IntraFish of prices of around NOK 64 per kilogram in the south, however, that prices remained flat for fish sized 3 kg and above.

Industry watchers informed IntraFish that prices, FOB farmers, settled between NOK 62.50 (€6.80/$7.20) and NOK 64 (€7/$7.40) per kilo, with the lowest being paid in the north.

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