Feed Prices and Weak Krone Continue to Support Norwegian Salmon Spot Price Above 5-Year Average
After peaking at a nine-month high of NOK 118.8/kg on 3 January, Mintec Analytics data shows that the weekly average Norwegian salmon price (3-6kg, Fish Pool Index, spot price) oscillated between NOK 100-109/kg over the ensuing four-weeks. At NOK 107.1/kg, the monthly average for January 2024 was 53% above the five-year average (NOK 70.0/kg) for 2019-2023, gaining support from supply factors.
Feed is a key cost component of Norwegian farmed salmon...
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