After a record-breaking first half of the year marked by high demand and an acute shortage of salmon, the salmon industry will begin to normalize in the second half, according to analysts at Dutch agriculture lending giant Rabobank.

In its latest global aquaculture update, Rabobank expects salmon supply from both Norway and Chile will improve in the latter stages of the year, while demand in the EU and US markets, in foodservice at least, looks to be cooling off.

“Nevertheless, the salmon industry remains in a period of strong demand and relatively weak supply, even if we are well past the price peak,” Gorjan Nikolik, Rabobank's senior global specialist for seafood, wrote in the update.