Moderate supply growth, high demand expected to boost Norwegian salmon prices in Q4 say investors
SEAFOODNEWS.COM [Financial Services Monitor] July 21, 2014
Investment bank Nordea believes Norwegian salmon supply will tighten again after a short-lived price dip, with a tight market for the next two years.
Norwegian salmon firms are beginning to release their second quarter 2014 results, for a period in which spot prices fell NOK 7 from the first quarter levels - 26% lower.
During July, prices bounced back to the low NOK 40s. The bank expects prices will remain at this level up to mid-August, after which they are expected to dip again temporarily owing to seasonally higher supply pressure, before long-term high prices set in...
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