Wild salmon catch forecasts are always imprecise, but the Alaskan authorities are predicting a weak pink harvest in 2020. The Scottish Salmon Producers Organisation (SSPO) is expecting a total production in 2019 of nearly 190 000 tonnes. Elsewhere, farmed Atlantic production in Scotland bounced back strongly from the poor 2018 when an 18 percent decline from 2017 was reported. Some observers have expressed concern that the adoption of salmon as an everyday food item in Chinese households is still some way off and growth projections need to be tempered. Both Scottish and Chilean farmed salmon already have a foothold in the Chinese market, and Chinese domestic production is also on the horizon, but the potential size of the market is so enormous that it is an inevitable target of intensive salmon marketing efforts. “We expect the price range for 2019 to be NOK 55/kg to NOK 65/kg. However, since then the situation has changed completely. Of course, this will only be applicable if the United Kingdom is still part of the European Union when these measures are imposed. However, this is lower than previous years and 17 percent lower than 2016’s peak, due to high production costs and lower prices during mid-year. This applies not only to farmed Atlantic salmon, representing by far the largest market segment, but also to other salmonid options such as farmed coho, trout and wild species such as sockeye. Nevertheless, farmed Atlantic salmon is already a staple of increasingly popular Japanese style sashimi restaurants. Join the global community relying on Undercurrent News for quality reporting. We use cookies for performance, security and analytics. Norwegian harvests totalled around 1.4 million tonnes while the final figure from Chile is around 700 000 tonnes. Elsewhere, reports from Canada at the end of 2019 suggest record numbers of wild salmon caught in the Arctic Circle, with researchers suggesting warming water temperatures are playing a role in shifting fish migration patterns with more wild salmon heading towards the Arctic. COVID-19 recap, Nov. 26: 2020 shrimp output better than feared? Moderate growth is expected in both Norway and Chile, and a slowdown is also projected for the majority of other producers. Confronting continued supply pressure in the European Union, Norwegian Atlantic salmon spot prices will be down NOK 2-3 per kilogram this week (number 44) at NOK 47-49/kg, predicts analyst Tore Tonseth for SpareBank 1 Markets in its report, released Oct. 27. Norwegian salmon prices began a rapid decline in the third quarter of 2019 as backed-up volumes began to hit the markets, dropping to the low NOK 40s (USD 4.4… Forecasts for global Atlantic salmon production are for 4-5 percent global growth in 2020, representing somewhat of a slowdown compared with 2019. Good production in both Norway and Chile in the first half of 2019 saw farmed Atlantic salmon prices fall steeply throughout the summer. In the closing months of last year, logistics and farming operations of salmon were impeded by road barricades that blocked access to harvest centres and processing plants for several days. The European Union countries remain the core of Norway’s global salmon exports, but the market share of Asian markets, particularly China and the Republic of Korea, is growing. The majority of this increase was driven by export revenue gains in Chile’s two main markets, the United States of America and Japan. He said his team doesn’t expect the supply in the EU to be as high in 2020, adding that “the weak spot prices will gradually trigger and build demand for more salmon.” As a result, SpareBank 1 has lifted its supply forecast in Norway to 5.8% in 2019 and expected growth in 2020 at 4.5%. These numbers represented a temporary blip in the Norwegian salmon market, however, as stabilizing supply and strong end-of-year demand combined to push prices back upwards, catching the market by surprise. In general, aggregate demand for salmon products across all world markets shows no sign of weakening, as evidenced by the exceptionally rapid rebound of prices in late 2019 as supply tightened. These large product losses contributed to the steep price spike for Chilean salmon towards the end of the year. Global production of farmed Atlantic salmon is estimated to have increased by some 7 percent in 2019, to just over 2.6 million tonnes. Forward prices at FishPool for the first half of 2020 are indicating an average level of around NOK 68 (USD 7.66) per kg, although expectations are for a decline towards the NOK 50s (USD 5.63) per kg towards the end of the year. Prices of fresh Atlantic fillets exported from Chile to the American market follow a similar but less extreme trajectory, registering a 1.3 percent decrease over the first nine months of the year at an export price of USD 10.29 per kg. This instrument gives the best possible access to information on price movements and the market’s interest for different periods. Sign up to our newsletter, Processors' lackluster ops beyond Bristol Bay seen as driver of low 2020 salmon price, Trade insights: 100,000t cut from China's shrimp imports since COVID-19 scare, Moroccan octopus prices rise further; Mexican season worst in ten years, Ecuadorian tuna fleet makes final push for MSC certification. salmon price per kg 2019; salmon price per kg UK; salmon prices per pound; salmon fish 1kg price; king salmon price in India; Atlantic salmon price per pound; tuna fish price; Cold smoking, which yields a smooth, smooth surface, requires a temperature of under 90 degrees Fahrenheit. GLOBEFISH - Information and Analysis on World Fish Trade, Regional Office for Europe and Central Asia, Regional Office for Latin America and the Caribbean, Regional Office for the Near East and North Africa. It is reported that the Norwegian salmon industry earned some NOK 19-20 billion (USD 2.1-2.2 billion) in profits before tax in 2019. [...]. A comparable increase is expected in Chile, with rainbow trout harvests increasing 18.1 percent year-on-year to 65 600 tonnes during the first nine months of 2019. Chile’s share of the American market continues to increase year over year, primarily at the expense of Canada. However, full year figures are likely to be affected by the social unrest in Chile, which exploded in the last quarter of 2019. We use MailChimp as our email campaign platform. In the European Union’s case, however, this is partially accounted for by the weakening Euro versus the American dollar over the same period. Norwegian salmon prices began a rapid decline in the third quarter of 2019 as backed-up volumes began to hit the markets, dropping to the low NOK 40s (USD 4.4) per kg as of the beginning of September 2019. Sea lice levels are slightly down from recent months in Chile, but still double where they were a year ago, he added. Fresh Salmon Fish, 30. The Norwegian government is nevertheless taking measures to minimize the damage inflicted by future algal bloom events, allocating NOK 10 million (USD 1.1 million) for research in this area. Variety: Fish. In Norway, farmed trout production is estimated to have increased by around 24 percent in 2019, with standing biomasses as of the end of November were some 15 percent higher than the previous year. Air-flown salmon is expected to be supplemented in 2020 by a transcontinental train route from Norway to China. According to NOAA, United States of America imports in the first nine months of 2019 totalled 317 645 tonnes of salmon worth USD 3.2 billion, an increase of 6.25 percent in terms of volume and 6.15 percent in value compared with the same period last year. This would see the 10 percent import duty that is currently paid on Norwegian salmon imports removed, allowing Norwegian exporters to consolidate and expand their share in the Chinese market. NASDAQ Salmon Index 3-6kg weighted 30/40/30 Week 47/2020 The NASDAQ Salmon Index 3-6kg accounts for 95% of the Fish Pool Index Settlement price, using a standard weight distribution of 30% 3-4kg, 40% 4-5kg and 30% 5-6kg. The major wild salmon seasons in Alaska and the Kamchatka peninsula in Russia are typically over by the end of summer, and 2019 combined catch was around 13 percent lower than in 2018 and 4 percent below 2017. Fresh Atlantic salmon fillets make up the majority of Chinese salmon imports. In Norway, farmed Atlantic supply was not significantly affected by the algal bloom experienced earlier in 2019 and by mid-year the huge quantity of fish hitting the markets took buyers somewhat by surprise. Fish Pool’s trading screen is widely accessible and available for all with an interest in salmon prices and Fish Pool. Meanwhile investment and research into technology for offshore farming has been picking up, both in traditional farming countries such as Norway and in new industry players such as China.