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Professional institutions predict that Norwegian salmon prices will continue to decline in the third quarter

 Last Update: 2022-08-16
 Source: Internet
 Author: User

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From SeafoodSource on July 21st, salmon prices are soaring in 2022, with average prices for both fresh and frozen salmon well above norm.
According to figures published by Statistics Norway, in early 2022, the price of fresh Norwegian salmon was NOK 638 (about $77) per kilogram, while the price of frozen salmon was NOK 502 (about $8

Salmon prices remained high in May, with fresh salmon prices peaking at NOK 1021 ($172) per ki.
Salmon prices have remained elevated since then, but recent data from the NASDAQ Salmon Index shows salmon prices have started to decline, with the 12-week average showing a 12% decli.

Currently, the Nasdaq Salmon Index is priced at NOK 973 (about $84) per kilogram, while Statistics Norway's price of fresh salmon is NOK 929 (about $94) per kilogram and frozen salmon is priced at 1063 per kilogr.
Norwegian Krone (about $10

Salmon prices are expected to continue to fall in July-September, dropping to NOK 800 (about $81) by the end of July and to NOK 720 (about $55) by Septemb.

Paul.
Aandahl, seafood analyst at the Norwegian Seafood Association, points out that softening salmon prices in late summer and fall is typic.
Typically, salmon supplies increase in late summer and demand decreases due to European holida.
Prices will dr.
Exports also increased in the second half of the year compared to the first ha.

Figures from Statistics Norway show this tre.
Historically, each year salmon exports have grown in August and peaked in Septemb.
Paul.
Aandahl said that, on average, exports over the past 10 years will increase by about 20% in the second half of the year compared to the first ha.
We expect the same to happen this ye.

Normally, an increase in sales would also lead to lower prices in the second half of the ye.

According to Fish Pool, salmon prices will reach their lowest levels in September, and past prices have mirrored the same trend, with prices tending to drop in July, August and September as supply increases, according to Fish Po.

Currently, the price of salmon will slide to NOK 720 ($66) from its current high of NOK 1021 ($172) per kilogr.

frozen salmon price

Salmon prices remained high in May, with fresh salmon prices peaking at NOK 1021 ($172) per ki.

Salmon prices have remained elevated since then, but recent data from the NASDAQ Salmon Index shows salmon prices have started to decline, with the 12-week average showing a 12% decli.

Salmon prices are expected to continue to fall in July-September, dropping to NOK 800 (about $81) by the end of July and to NOK 720 (about $55) by Septemb.

Paul.

Aandahl, seafood analyst at the Norwegian Seafood Association, points out that softening salmon prices in late summer and fall is typic.

Typically, salmon supplies increase in late summer and demand decreases due to European holida.

Prices will dr.

Exports also increased in the second half of the year compared to the first ha.

Figures from Statistics Norway show this tre.

Historically, each year salmon exports have grown in August and peaked in Septemb.

Paul.

Aandahl said that, on average, exports over the past 10 years will increase by about 20% in the second half of the year compared to the first ha.

We expect the same to happen this ye.

Normally, an increase in sales would also lead to lower prices in the second half of the ye.

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