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Since the second quarter, the global salmon price has continued to rise.
Especially in the week after Easter, the Norwegian price has seen a rare surge.
The quotation in the 17th week rose to NOK 135/kg, an increase of NOK 25/kg from a week ago
.
Especially in the week after Easter, the Norwegian price has seen a rare surge.
The quotation in the 17th week rose to NOK 135/kg, an increase of NOK 25/kg from a week ago
.
The future market and price trend of salmon has also become an important topic of this Barcelona exhibition.
For manufacturers, price increases will undoubtedly bring huge profits, but downstream processing enterprises and importers have to pass the cost on to consumers.
Sustainability of the market will become a new issue
.
For manufacturers, price increases will undoubtedly bring huge profits, but downstream processing enterprises and importers have to pass the cost on to consumers.
Sustainability of the market will become a new issue
.
Cooke Aquaculture: New normal for salmon prices, no production growth in the short term
"For the foreseeable future, salmon prices are 20% higher than normal, which is what I would call a 'reset'," Cook Aquatic chief executive Glenn Cooke told UCN
.
.
"I'm not saying prices are going to stay where they are today, but it's definitely a new normal where prices are a lot higher, maybe 20%, compared to the market in '18, '19, '20
.
I expect salmon Prices will remain high for some time, and we will see strong demand growth and insufficient supply growth
.
Chile and some other countries will not increase production for several years, and we will see production in 2024 at the earliest growth
.
"
.
I expect salmon Prices will remain high for some time, and we will see strong demand growth and insufficient supply growth
.
Chile and some other countries will not increase production for several years, and we will see production in 2024 at the earliest growth
.
"
“In terms of market pricing, salmon can’t keep up with some other proteins
.
Demand has been strong, more and more consumers are trying to cook at home, retail sales have grown strongly during the epidemic, and the restaurant industry has reopened after the epidemic, so demand is starting to show.
A jump growth, on the contrary global production growth is very slow
.
I say this is a price reset, the price of the future is much higher than the traditional price of the past few years
.
”
.
Demand has been strong, more and more consumers are trying to cook at home, retail sales have grown strongly during the epidemic, and the restaurant industry has reopened after the epidemic, so demand is starting to show.
A jump growth, on the contrary global production growth is very slow
.
I say this is a price reset, the price of the future is much higher than the traditional price of the past few years
.
”
Cermaq: Customers have lost money, current prices are unsustainable
Arild Aakre, global marketing director at Symak, the world's second-largest salmon producer, said: "Our customers are losing a lot of money, so we don't think the current prices will last for long, but the market situation is ever-changing and who knows what will happen.
"Obviously when the supply increases, the price goes down, it's just a matter of time
.
July or August will be peak fishing in Norway, and that's when the price goes down, depending on how much the production increases
.
"
"Obviously when the supply increases, the price goes down, it's just a matter of time
.
July or August will be peak fishing in Norway, and that's when the price goes down, depending on how much the production increases
.
"
“Current prices are unsustainable and we expect prices to be stronger in the first half of the year, but not to where they are now
.
Prices are still going up after Easter (April 17), which has never happened in history, in fact The supply did decrease, the Easter week was 60% less than last year,
" Aakre said
.
.
Prices are still going up after Easter (April 17), which has never happened in history, in fact The supply did decrease, the Easter week was 60% less than last year,
" Aakre said
.
Steven Rafferty, CEO of Symak, said: "The price increase after Easter surprised everyone
.
Once the price increase is passed on to consumers, you can imagine the demand will be affected to some extent
.
We are very focused on the long-term development of the business rather than focusing on it.
In terms of monthly performance, although the Norwegian aquaculture industry is now making a lot of money, it is not sustainable
.
"
.
Once the price increase is passed on to consumers, you can imagine the demand will be affected to some extent
.
We are very focused on the long-term development of the business rather than focusing on it.
In terms of monthly performance, although the Norwegian aquaculture industry is now making a lot of money, it is not sustainable
.
"
"Symak has no plans to develop value-added processing downstream.
We tend to insist on ensuring our core competitiveness in the farming field, so we have no plans to develop value-added products
," Rafferty said
.
We tend to insist on ensuring our core competitiveness in the farming field, so we have no plans to develop value-added products
," Rafferty said
.
Polish processing company Milarex: The market is challenging and we have to increase prices
Milarex CEO Thomas Farstad: "Obviously, for processing plants, the price of raw materials is very challenging
.
The market is constantly changing, and the price may be higher.
How much, no one knows
.
"
.
The market is constantly changing, and the price may be higher.
How much, no one knows
.
"
“We have no choice but to pass it on to the customer because no one else is willing to pay for it
.
All market prices have gone up and we are not bothering to negotiate with the customer
.
Of course the customer will be unhappy, but they have to understand that , whatever the market accepts, because that's the only way to ensure supply chain sustainability
.
"
.
All market prices have gone up and we are not bothering to negotiate with the customer
.
Of course the customer will be unhappy, but they have to understand that , whatever the market accepts, because that's the only way to ensure supply chain sustainability
.
"
"In some markets, we raised prices three times this year, and in some markets, we only raised prices once this year, and now the second round of price increases is about to start
," Farstad said.
Cooperation
.
Buyers will focus more on security of supply in future periods, so the contract market will be more attractive than spot trading
.
”
," Farstad said.
Cooperation
.
Buyers will focus more on security of supply in future periods, so the contract market will be more attractive than spot trading
.
”
