Norway salmon prices up again – is the worst over?

Norwegian fresh salmon prices rose again for the second week in succession,. While the increase was only modest, the trend looks to be upward at last. The Statistics Norway data will be watched carefully over the next few weeks.

The figure for the period between 11 and 17 August (week 33) was NOK 64.38 per kilo (£4.69), an increase of NOK 2.23 per kilo or 3.8% on the previous seven day period.

Norway’s fresh salmon exports also reached another record high for the year at 27,320 tons, some 1,524 metric tons up on week 32.

This represents a rise of 5.9% at a time when fresh salmon sales are generally low because many consumers are on holiday.

Frozen salmon sales were also higher, reaching 732 tons, the second highest figure so far this year. The price was NOK 75.74 per kilo (£5.52), almost NOK 10 per kilo up on the previous week.

The question many people are asking is: “Is this the end of the salmon price slump that has been a feature of the past four months?”

Most of the salmon companies reporting their second quarter results over the past week have blamed this on lower profits between April and June.

A strong price recovery is now widely expected in 2026 and may have already started. Only the data between now and the end of the year will confirm if this is likely to be correct.

It should be noted that the Statistics Norway figures are an average and include all weight classes.