March 16, 2023

Prices of Norway's salmon still increasing in tenth week of 2023

Norwegian salmon prices continued to rise in the tenth week of 2023.

Prices are up kr1.02 (US$0.094) week-over-week, according to the Nasdaq Salmon Index, continuing a rise that has seen salmon prices get close to or surpass all-time highs.

The weighted average index of weekly sales prices and volumes of fresh Atlantic superior salmon, head-on gutted – reported by a panel of Norwegian salmon exporters and salmon producers – found the average per-kilogramme price of Norwegian salmon reached kr124.32 (US$11.51) the ninth week of 2023 – a near-historical high price that's up significantly from the kr82.69 (US$7.69) salmon fetched in the same period of 2022.

The meteoric rise in prices has begun to impact sales volumes. According to Fish Pool, reported total sales volume for Norwegian salmon exporters in the tenth week of 2023 decreased 7%,or 1,103 tonnes (MT), compared to the prior week. That number is also down 17%, or 2,837MT, from the corresponding week in 2022.

Over the past five weeks, volumes have decreased by 14%, or 12,577MT, in comparison to the corresponding period of 2022.

- SeafoodSource