High salmon supply will keep spot prices low, says market analyst

Salmon spot prices remain under pressure due to high supply, Norway-based Kontali financial analyst Filip Szczesny said today in a weekly assessment of the sector. 

The high supply stems from strong biological growth, favourable farming conditions with reduced losses, increased biomass in key regions, and fewer downgrades. 

The resulting price decline has defied earlier projections, and further pressure is anticipated due to higher volumes, efficient biomass usage, and a lower share of downgraded fish compared to last year.

A decline in fixed-price contracts is another likely driver of this price pressure, pushing more volume into the spot market. 

Many farmers, anticipating higher prices, hesitated to secure contracts and are now facing weaker spot prices. 

Adding to the uncertainty, tariff concerns are weighing on sentiment. 

United States President Donald Trump’s tariff policies and warnings have instilled caution among buyers.