Norwegian salmon prices have moved sharply higher from last week amid reduced supply and strong demand, making exporters and European importers increasingly nervous about the impact of these higher prices on demand.

Analysts have been predicting farmed salmon prices are headed for new highs after already hitting levels not seen since the earliest days of the industry.

Prices for the main sizes are now in a range covering NOK 95-101 (€9.82-$10.43 - $10.84/€11.53) versus NOK 84-92 (€8.70/$9.60 - €9.52/$10.52) last week.