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Nasdaq: Norwegian salmon prices slide 18% in 12 weeks

The average prices were also nearly 10% per kilo lower than a month ago

Norwegian salmon prices continued their descent in week 31 and are now nearly 20 percent lower than they were 12 weeks ago, according to the latest figures from Nasdaq.

In week 31, prices were down by almost 3.5 percent -- or by NOK 2.07 (€0.22/$0.26) per kilo -- compared with the week prior, to hit NOK 58.36 (€6.20/$7.40) per kilo on average, said the figures.

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The average prices were also nearly 10 percent or NOK 5.93 (€0.64/$0.75) per kilo lower than a month ago, and 18 percent or NOK 12.86 (€1.40/$1.60) per kilo down from 12 weeks ago.

According to Nasdaq, all of the major weight class across the board saw a drop during the week.

As usual, the most popular size during the week was 4-5 kilograms -- accounting for 33.60 percent of the total farmed salmon traded.

Fish this size were selling at an average price of NOK 58.44 (€6.30/$7.40) per kilo, down NOK 2.02 (€0.22/$0.26) per kilo compared with the week prior.

The second-most popular size in week 31 was 5-6 kilograms, accounting for around 23.41 percent of the total market.

These fish were selling at average prices of NOK 60.31 (€6.50/$7.60) per kilo, down NOK 1.90 (€0.20/$0.24) per kilo on average week-on-week.

Another popular size category was 3-4 kilograms -- accounting for 23.01 percent of the market. Here prices were also down by NOK 2.09 (€0.22/$0.26) per kilo over the week to hit NOK 56.74 (€6.10/$7.20) per kilo on average.

b599b42157230ebed0d10daa98023d2e Nasdaq week 31  Photo: Nasdaq

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), and 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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