OSLO Jan 6 The average price of Norwegian
farmed salmon is expected to drop to around 72-73 crowns per
kilo next week as demand eases following a peak around the
Christmas season, industry sources told Reuters on Friday.
For the current week, salmon traded at around 75 crowns per
kilo, unchanged from late 2016 but below an initial expectation
of a rise to 77-78 crowns.
"Prices are down a lot," a salmon producer said when
comparing to levels seen just one week ago.
"For deliveries in Oslo we expect 72-73 crowns on average,"
he said, adding that prices for next week could still change as
additional transactions get settled later on Friday.
A fish exporter, who also declined to be named, confirmed
there was a significant drop, while adding that for the biggest
fish, weighing more than six kilos, the price per kilo had
fallen by some 10 crowns.
"On average the level may be around 72-73 crowns," he said,
adding that prices close to 80 crowns per kilo were
Production costs in Norway have risen sharply in recent
years to around 30-31 crowns per kilo on average.
Norway is the world's top salmon exporter, with leading
producers including Marine Harvest, Salmar,
Leroy Seafood, Grieg Seafood and Norway Royal
Companies and analysts have predicted that salmon supply
from Norway and globally will increase by around three percent
in 2017 after a drop of 6-7 percent in 2016 due to declining
production in Norway as well as in Chile, the world's second
(Reporting by Ole Petter Skonnord, editing by Terje Solsvik)