Rabobank analysts forecast salmon prices between NOK 55 and NOK 65 (€5.63-€6.66/$6.42-$7.57) in 2019, expecting salmon demand to remain strong for the foreseeable future.

At the same time they warn higher prices could hinder demand growth.

"We think the new normal is around NOK 60 (€6.20/$7) per kilogram, so it will probably fluctuate between NOK 55 to NOK 65," Rabobank analyst Beyhan de Jong told IntraFish.

On the positive side, demand is growing through new markets and products, Rabobank said in a bulletin to investors.