The spot price for salmon in 2021 (orange) and 2020 (grey). Data source: Akvafakta

Norway salmon spot price hit 23-month high last week

The spot price for Norwegian farmed salmon rose to its highest price since January 2020 last week (week 50), and the volume of fish exported set a record for weekly volume.

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According to industry statistics provider Akvafakta, the spot price rose by NOK 9.55 per kilo to NOK 73.97 (£6.24) in week 50. The price increase is the seventh largest in a week and the price is the 17th highest in modern salmon history.

Last week’s price is NOK 33.20 per kilo higher than in the same week last year, which is the fourth largest difference from a week one year before.

Higher average

The average spot price for Norwegian salmon so far this year is NOK 56.92 / kg, compared to NOK 54.15 / kg a year ago.

Norway exported a record 37,372 tonnes (round weight) last week, 13% more than in the same week last year. The previous record was set in week 39 this year with 36,383 tonnes.

So far this year, Norway has exported 1.43 million tonnes of salmon, 15.7% more than at the same time last year.