Norwegian investment bank Sparebank 1 Markets is bullish on farmed salmon prices, and is anticipating the average price to continue to climb over the next two years despite a weaker-than-expected September.
Analyst Knut-Ivar Bakken said he expects a relatively tight market, with an average price of NOK 57.50 in 2021, NOK 62.50 in 2022 and NOK 63.50 in 2023.
"We believe a 2022 price increase has already been discounted in share prices, and we have placed a 'buy' recommendation on the sector due to further increases in price and earnings," Bakken said.
