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The short orange line on the top left of the graph shows the strong start prices have made this year. Data source: Akvafakta.
The short orange line on the top left of the graph shows the strong start prices have made this year. Data source: Akvafakta.

The spot price of Norwegian farmed salmon in the first week of 2020 was the highest ever for week 1 of the year, and the third highest for any week in history.

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According to Norwegian information company Akvafakta, the spot price of salmon in week 1 ended at NOK 78.35 / kg (£6.73 / kg). This is up NOK 1.28 from the Christmas holiday week and is NOK 13.99 higher than week 1 in 2019.

This spot price has only been bettered in weeks 19 and 20 in 2018, when it reached NOK 79.16 / kg and NOK 78.53 / kg respectively.

Lower average in 2019

The average price paid for Norwegian salmon in 2019 ended at NOK 57.09 / kg, against NOK 59.26 / kg. This is the fourth best, beaten by the years before (2016, 2017, 2018).

Salmon of 8-9 kg achieved NOK 98.56 per kilo, although only 1.2% of the fish were in this size class.

Salmon grown in Scotland and the Faroes usually command slightly higher prices than Norwegian salmon.

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