Big drop in Norwegian salmon price expected next week
SEAFOODNEWS.COM [Reuters] - July 25, 2014 -
OSLO, Farmed Norwegian salmon prices are expected to fall around seven Norwegian crowns per kilogram to around 34-35 crowns for delivery in Oslo next week, traders told Reuters on Friday.
"It's a big fall, and one of the biggest drops in the last 2-3-4 years", a trader, who asked not to be names, told Reuters.
"While we in Norway are back from holidays and produce more fish, Europe has gone on holiday...What was strange was the price rise in July."
"Now we are more back to normal for the year. I believe prices will go down to 30 crowns", the trader said.
A fish farmer confirmed that the price fell sharply but declined to make predictions.
To Read Full Story Login Below.