OSLO Feb 3 The average price of Norwegian
farmed salmon is seen at around 62-63 crowns for deliveries next
week compared to a range of 62-65 crowns in the current week,
industry sources told Reuters on Friday.
Since early January, prices have fallen from around 80
crowns per kilo.
"Volumes are small and there is great uncertainty, but we
suppose 62-63 crowns per kilo for deliveries in Oslo, which is
down one or two crowns from the current week," said one producer
who declined to be named.
An exporter confirmed prices were at this level.
"The market is difficult and there is a lot of big fish
available. We have paid 62 crowns (per kilo) for salmon weighing
three to four kilos and 63 crowns for fish of four to five kilos
and bigger," he said, adding that European customers remain
reluctant to buy even at the current price levels.
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)