Back in the 60s

The spot price of market-influencing Norwegian salmon decreased by NOK 1.98 NOK per kilo to NOK 69.26 (£5.53) per kilo last week (week 44), according to the Norwegian Seafood Scouncil’s sector statistics provider Akvafakta.

That price is NOK 8.42 (£0.67) per kilo below the same week a year ago.

The average price so far this year is NOK 74.90 (£5.98) per kilo compared to NOK 75.86/kg at the same time last year.

Akvafakta’s weekly salmon price tracking was broadly reflected in a statement made by the world’s biggest salmon farmer, Mowi, in its Q3 2026 report yesterday.

Mowi said Q3 spot prices increased by 18% year on year compared with Q3 2025, and 13% so far in Q4 (at time of writing the report), driven by a pronounced slowdown in global supply growth since Q2 alongside sustained robust demand. Mowi said this development followed a period of unprecedented supply growth since the beginning of 2025.

Export volume

Norway exported 41,306 tonnes (round weight) of salmon in week 44, an increase of approximately 1% from the previous week and 16.1% more than in the same week in 2025.

So far this year, Norway has exported 1.46 million tonnes (round weight) of salmon, 7.4% more than in the same period last year.

Cod

According to the Seafood Council, 441 tonnes (round weight) of farmed cod were exported in week 44, which is 8% more than the previous week.

The export price achieved was NOK 82.72/kg, a decrease of NOK 2.14/kg from the previous week.

So far this year, 13,463 tonnes (round weight) of farmed cod have been exported, which is 9.1% more than at the same time last year.

In a summary yesterday, the Seafood Council said that farmed cod accounted for 65% of the export value of fresh cod in October, and that so far this year the figure is 46% compared to 36% a year ago.