Nordea predicts drastic fall in prices for salmon – OBI Online

Several salmon stocks marks positively on the stock exchange on Wednesday.

Bakkafrost rising 2.7 percent to 308.04 kroner, while Salmar and Marine Harvest is up respectively. 0.7 percent to 237.70 kroner and 0.4 percent to 129.90 kroner.

Nordea Markets writes according to TDN Finans in an update on Wednesday that salmon prices fall further to 52-53 million kilo on a stronger Norwegian krone.

– Given that many salmon farmers are doing maintenance in these times , the underlying price trend weaker than it appears to be. It is also possible that some breeders will shut down to protect the price level, writes analyst Allison Giskeødegård.

He looks according to news agency that 120,000 tons will be harvested in September.

– prices will therefore fall drastically in late September / early October. This will affect large

Norwegian fish farming company Marine Harvest and Grieg Seafood, which we recently took our Nordic portfolio, writes Nordea Markets according to TDN Finans.

Please note that Periscopus by Trygve OBI owns four one million shares, representing a stake of 0.9 percent in Marine Harvest.