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Salmon prices slashed by £1.40 a kilo

Atlantic Salmon Trout Economics +4 more

The total value of Norwegian salmon exports last month were the same as in January 2017, despite a 23 percent increase in volumes, due to the average price per kilo falling by almost NOK 15 (£1.40).

The country exported 85,400 tonnes of salmon, up by 16,000 tonnes form the same month last year, but the value (NOK 5.1 billion) remained the same. This was due to the average price for fresh whole salmon falling from NOK 72.02 to NOK 57.10 per kg. Poland, France and Denmark were the largest export markets for salmon from Norway.

“The EU market has taken a larger share this year compared with the same month last year. It shows that the market has largely recovered from last year's price rise shock, where France in particular is showing a positive trend. China is the driver for the Asian region, with a record increase in volume compared with January last year,” saud Paul T Aandahl, an analyst with the Norwegian Seafood Council.

Trout exports also rose in volume by 703 tonnes, to reach 3,200 tonnes – an increase of 28 percent. However, like salmon the increased volume was not mirrored by an equivalent increase in value, with the latter rising by merely 7 per cent to reach NOK 207 million. The USA, China and Canada were the largest trout markets in January.