Salmon prices up by almost 10% – Fish Farmer Journal

Salmon prices up by almost 10% – Fish Farmer Magazine

The export value for up to date salmon has jumped by almost 10% before now week, the most recent figures current..

In step with statistics Norway it has shot as a lot as NOK 71.08 per kilo, a decide not seen as a result of the start of February ultimate yr when the coronavirus pandemic was nonetheless in its infancy and consuming locations had not however shut down.

The decide is 30% bigger than the similar interval ultimate yr and represents a rise of 9.3% on the sooner seven days (week 18. )

However, the rise may not ultimate. There are some indications that prices are starting to fall once more to below NOK 70 this week in what’s coming out to be a extraordinarily erratic market.

Whatever the value rise, 5.1% further up to date salmon was exported ultimate week, reaching a whole of 14,863 tonnes, reinforcing the view that that the lodge restaurant and catering (HORECA) enterprise is progressively returning to common.

Frozen salmon product sales are moreover gathering tempo with 479 tonnes exported ultimate week at a median value of NOK 54.85 per kg.

Statistics Norway talked about the quantity purchased represents an increase of 79.4% on week 18, whereas the price elevated by 2.9%.

The sample underpins predictions by some salmon commerce chiefs in newest days. Mowi chief authorities Ivan Vindheim talked about that “out-of-home” ( eg consuming locations and lodges) consumption was beginning to improve.

Presenting Mowi’s first quarter outcomes, he knowledgeable shareholders ultimate week: “Mowi believes that demand for salmon is on the freeway to full restoration pushed by Covid-19 measures turning into a lot much less restrictive.”

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