Norway – Salmon forward prices up

Salmon spot prices went up last week (37) for deliveries this week (38). Export volume was down for fresh salmon from 13,132 tonnes in week 36 to 12,597 tonnes in week 37, reports Fish Pool ASA.

(Graph: FishPool)

The Fish Pool Index – Spot Market Prices (fresh salmon 3-6 kg, FCA Oslo) for the latest four weeks were as follows:

Week 34: PFI in EUR: 5.03, FPI in NOK: 40.10, NOK/EUR: 7.97
Week 35: PFI in EUR: 4.67, FPI in NOK: 37.12, NOK/EUR: 7.94
Week 36: FPI in EUR: 4.51, FPI in NOK: 35.51, NOK/EUR:7.88
Week 37: FPI in EUR: 4.51*, FPI in NOK: 35.71*, NOK/EUR: 7.91

 *Preliminary FPI

The preliminary FPI is based on historical values. The final FPI will be completed Friday in the forthcoming week, when all of the 5 price elements have been updated.

Fish Pool Forward prices

The forward price reflects the expectations of the Fish Pool’s Members for the next 24 months. The prices are assessed by contracts made as well as interests to buy or sell at Fish Pool and are indications for information purposes only.

High volume and record long contracts were made in week 37: From Sep-2010 to Dec-2012, 2800 tonnes at the average price of 34.35 NOK/kg.

Forward prices are up, Q4-10 is now at NOK 35 vs. NOK 35.50.

Year 2011 was last traded at NOK 35.50, now buyer at NOK 35.10. Q1-11 is at NOK 35.50 vs. NOK 36. Q3+Q4-11 was last traded at NOK 34.70. 

Source: fis

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