Salmon price decline

According to the weekly seafood report from Norda Markets, they expect salmon price to drop the comming week:

Higher volumes are now entering the market and our impression is that there is a high activity for entering into contract. Preliminary feed sales figures for week 5-8, show a 48% y/y increase. Warm weather and poor feed sales last year, are seen as the main contributing factors to the increase. It needs to be noted that the comparable figures for last year were unusually low, and if one compares total feed sales during the last two months with the same period in 2012, there is actually an 8% decrease. North Atlantic Seafood Forum ended yesterday. Several large European buyers told stories of how they struggle with the current high raw material prices. While in other company news, SalMar is now planning to install offshore installations for salmon farming, with an expected capex cost of around NOK 200-400m per site. The high capex is expected to be offset by a lower opex and reduced biological risk.