Salmon spot price drops as Norway export trend remains strong

The spot price of salmon decreased by 1.20 NOK per kilo in week 36, down to 62.13 NOK (£5) per kilo, marking the fourth consecutive week of decline, with the price approximately 8% below what it was five weeks ago.

Currency appreciation, with the Norwegian kroner strengthening by just under 3% in the last month, and large volumes are part of the reason for the decline.

The average price so far this year is 76.28 NOK/kg, compared to 76.33 NOK/kg at the same time last year, according to sector statistics provider Akvafakta.

Second highest

The trend of very high export volumes continues. In week 36, 43,364 tonnes (round weight) were exported, 14% more than the same week a year ago, and the second highest weekly volume ever.

In the last four weeks, exports have increased by 10.7% compared to the same period last year.

So far, 1.13 million tonnes (round weight) have been exported, which is 5.4% more than in the same decade in 2025.

As of week 32, 1.33 million tonnes of salmon and trout feed have been sold, 8% more than in the same period a year ago. Volume is up 9% for salmon and down 7% for trout.

Farmed cod

According to the Norwegian Seafood Council, 281 tonnes (round weight) of farmed cod were exported in week 36. This is down 26% from the previous week, but it is 90% more than the same week last year.

So far, 10,809 tonnes of farmed cod (round weight) have been exported, approximately 11% more than at the same time a year ago.

According to the Seafood Council, the price received for the exported farmed cod was 89.55 NOK/kg, up 3.39 NOK/kg from the previous week, and up 19.20 NOK/kg from the same week in 2025.

In comparison, 88.14 NOK/kg was received for the 119 tonnes of fresh wild cod that were exported in week 36. For the 417 tonnes of frozen wild cod that were exported that week, 103.16 NOK/kg was received.

The average export price for farmed cod so far this year is 78.48 NOK/kg compared to 67.58 NOK/kg at the same time last year.