Lithuania-based processor IceCo Fish -- like many of its peers -- is struggling with high farmed salmon prices and is now taking action to reduce its use of the species until costs settle.

“The record high salmon prices affect us heavily,” IceCo Fish's head of marketing, Vytautas Kubolis, told IntraFish at Seafood Expo Global in Barcelona in April.

“We need to sell products below price, so we are eagerly waiting for the new salmon season. This cannot last forever."

Norwegian salmon recently changed hands for as much as NOK 120-130 (€11.96-12.96/$12.64-13.70)