In the European Union’s case, however, this is partially accounted for by the weakening Euro versus the American dollar over the same period. Tonseth noted that Aquabench published new production numbers from Chile over the weekend that showed the biomass of Atlantic salmon there, at the end of September, was flat when compared to August but 13.4% higher than in September 2018. Meanwhile, Chilean coho salmon reached 71 900 tonnes in the first nine months of 2019, up 47.1 percent from the same period in 2018. Chile’s salmon exports increased by some 4 percent in value terms in the first nine months of 2019, to USD 3.15 billion. By subscribing, you agree that the information you provide will be transferred to MailChimp for processing in accordance with their Moreover, the possibility of a Free Trade Agreement (FTA) between China and Norway is a powerful catalyst for frenzied market development activity by the Norwegian industry. 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. Change in per cent; Week 46 2020 - Week 47 2020 Week 47 2019 - Week 47 2020; 1 Selected commodity numbers for fresh salmon are 03.02.1411 and 03.02.1419 and frozen salmon 03.03.1311 and 03.03.1319. China has been accelerating its approval of export licenses for Norwegian regions, and it is also hoped that the terms of a free trade agreement (FTA) between China and Norway can be agreed in 2020. 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. The majority of this increase was driven by export revenue gains in Chile’s two main markets, the United States of America and Japan. We use cookies for performance, security and analytics. Wild salmon catch forecasts are always imprecise, but the Alaskan authorities are predicting a weak pink harvest in 2020. 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. Elsewhere, farmed Atlantic production in Scotland bounced back strongly from the poor 2018 when an 18 percent decline from 2017 was reported. Delays in the distribution chain resulted from this unrest including a blockade at Santiago de Chile airport, the closure of seaports and difficulties unloading trucks. 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. 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. Price per kilo (NOK) Fresh or chilled salmon: 48.58: 1.3-21.1: Frozen salmon: 52.75-2.7-6.0: Quantity (tonnes) Fresh or chilled salmon: 21 750: 8.0: 1.0: Frozen salmon: 291-18.7 Ecuador to compete with Chinese squid fleet in eastern Pacific, Chilean salmon spot prices continue to lift, Norwegian ease, Scottish flat, Rabobank: 2020 farmed shrimp output drop may be less than expected, Fresh Norwegian salmon exports rise despite fall to Asian markets in week 47, Small Spanish, Greek bass, bream prices drop, Turkish remain stable, Rafael aka ‘Codfather’ faces federal charges, Huge protests disrupt Chile salmon shipments, NASDAQ: Norwegian salmon prices lift in week 41, Norway salmon prices continue up in week 42, Like this article? Forecasts for global Atlantic salmon production are for 4-5 percent global growth in 2020, representing somewhat of a slowdown compared with 2019. The forward price for 2019 is now at NOK 57.9/kg (unchanged), and 2020 at NOK 59.5/kg (-1.7/kg), he said. These logistical challenges have been negatively impacting the Chilean export industry, including the salmon farming sector. 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. Fish Pool’s trading screen is widely accessible and available for all with an interest in salmon prices and Fish Pool. In China, prior market access restrictions for Norwegian exporters are now loosening. 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. 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. Norwegian harvests totalled around 1.4 million tonnes while the final figure from Chile is around 700 000 tonnes. 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… 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. 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. However, since then the situation has changed completely. 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. 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. 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. Final figure from Chile is around 700 000 tonnes shrimp output better than feared to NOK 65/kg Atlantic! Decline from 2017 was reported at the expense of Canada salmon price per kg 2019 and Chile, and slowdown... 1.4 million tonnes salmon production are for 4-5 percent global growth in.... 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