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Nasdaq: Salmon prices jump 16% in week 36

Average prices were still lower than they were 12 weeks ago, however.

Norwegian farmed salmon prices were up by nearly NOK 8.50 (€0.88/$1) per kilo on average in week 36, almost 16 percent higher than they were the week prior, according to the latest figures from Nasdaq.

The average price for salmon during the week was NOK 62.60 (€6.50/$7.50) per kilo, which was up NOK 8.48 (€0.88/$1) per kilo or 15.67 percent compared with a week ago and NOK 8.55 (€0.88/$1) per kilo, or 15.81 percent higher than a month ago.

Average prices were still lower than they were 12 weeks ago, however, by NOK 1.42 (€0.15/$0.17), or 2.22 percent, said the numbers.

All weight classes saw gains over the week.

The size category of 4 to 5kgs took up the largest part of the market with a share of 31.72 percent. Here prices were up by around NOK 7.08 (€0.73/$0.85) per kilo on average to hit NOK 62.30 (€6.40/$7.50).

The second most popular size category of 3 to 4kgs had a market share of 27.33 percent, and here prices were up by NOK 6.68 (€0.69/$0.80) per kilo over the week to hit NOK 59.73 (€6.20/$7.20) per kilo on average.

85bf8987595d45f826521591414b7dc9 Nasdaq 36. Photo: Nasdaq

The Nasdaq Salmon Index is the weighted average of weekly reported sales prices and corresponding volumes in fresh Atlantic superior salmon, head on gutted (HOG), and reported to Nasdaq Commodities by a panel of Norwegian salmon exporters and salmon producers with export licenses.

The panel is representative for total exports out of Norway.

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