Salmon Meal and Salmon Oil – Market Report 29 JUNE 2016

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Posted on August 11, 2016
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Peru starting to fish. Markets waiting for landed volume, to determine how this may influence prices of Fish Meal and Oil

Reduced production of Norwegian Salmon. Feed sales down by 2% compared to 2015. Export down 6,5 % compared to Jan-June 2015. Leading to record prices for salmon, not seen this level since 1987. Overall we have had a good production of salmon meal and oil so far this year. But at the moment the production volumes are a little bit behind the estimates. For volumes going forward there are several factors influencing this. On the one hand the very high salmon prices encourage salmon farmers to slaughter as much as possible. Normally some of the slaughters will shut during the summer for maintenance and vacation. The different suppliers of salmon material to us try and adjust this, so some suppliers close at different times. Having said this, it is subject to very short term changes due to high market demand for salmon. And, obviously on the growth in the sea.

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