Big fall in salmon price mirrors 2019 plunge
The spot price of Norwegian salmon plunged more than NOK 10 last week, the third-largest weekly fall on record.
According to salmon data provider Akvafakta, the spot price dropped by NOK 10.33 / kg last week (week 25). As a result, it ended up at NOK 60.09 / kg.
The second biggest drop was in week 3 in 2016 (-11.37 / kg), while the biggest was in week 22 in 2018 (-12.13 / kg).
Interestingly, in week 25 last year the price fell almost as steeply as this year. Then it fell by NOK 9.80 / kg, having gone up NOK 10.30 / kg the week before.
Year-on-year average up
The price for this year’s week 25 is thus NOK 0.25 over the same week last year.
The average price so far this year is NOK 62.89 / kg against NOK 61.93 / kg by week 25 2019.
Norway exported 24,183 tonnes (round weight) in week 24. This is 9.4% more than the corresponding week a year earlier.
So far this year, 521,000 tonnes have been exported, 0.5% less than last year.
Prices of Scottish salmon tend to be similar to Norwegian prices, and attract a premium in some markets.
