Norwegian salmon prices begin to move in right direction
The slow increase in the price of fresh salmon in Norway gathered pace last week to reach levels not seen for over three months.
According to Statistics Norway, it shot up by more than 6% to NOK 74.99 per kilo (£5.60). The last time it hovered around that price was in late May and early June.
It is still too early to tell if this will be a continuing trend or just a reaction to the very low prices of the past four months.
Rail problems in the north, which affected shipments from the salmon farms, appear to be over. Freight services between Narvik and Oslo, where the fish is sent onward by air, are running again. Last week a train carrying a large consignments of salmon became stuck in Sweden due to flooding, leading to emergency measures to keep the fish cool.
Meanwhile, the intense summer heat in Europe, which can also affect consumption, is beginning to fade.
Statistics Norway says the week 37 figure represents a rise of 6.7% or NOK 4.79 per kilo (£0.36) on the previous seven days.
Export volumes dropped by almost 2,000 tonnes to 24,791 tonnes.
Frozen salmon prices took a hit last week, however, with the prices dropping from NOK 70.89 to NOK 64.45 per kilo (4.81). Volume sales were also down from 921 tonnes to 708 tonnes.
It should be noted that the Statistics Norway figures are averages and, depending on size, salmon will be selling for both higher and lower levels than the averages quoted.
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