Market turmoil hits Norwegian salmon, as spot prices make biggest fall in decade
SEAFOODNEWS.COM by John Sackton - Dec 12, 2014
Norwegian salmon exporters got slammed this week, with the largest price drop in a decade. According to iLaks, a Norwegian salmon web site, at the end of today exporters were looking at prices of 40 NOK per kg or less for 3-6 kg fish, a drop of 8 to 9 NOK in one week.
The reason for the collapse, at a time when fresh shipments to Europe are huge due to the holiday demand, is the collapse of the Russian ruble due to rapidly falling oil prices...
To Read Full Story Login Below.