Since bottoming at NOK 22 (€2.74/$3.75) per kilo for head-on fish, prices have inched up.

An IntraFish analysis of forward contracts with two leading salmon exchanges,Norwegian Fish Pool and Danish-Swiss Direct Hedge, reveals a change occurred in the relationship between current salmon prices and future prices in week 20.

Before then, future prices stayed below current prices, clearly suggesting prices would drop, at least to some extent.

In week 20 the two curves crossed each other (as seen in the graph), as the red curve (forward prices) moved above the green curve (actual prices), where it's stayed as spot prices appeared to have reached bottom.

This