Norwegian Farmed Salmon Price Plunges

The average price of Norwegian farmed salmon is expected to drop for the second week in a row to 55-56 crowns per kilo, down by 6-7 crowns from the current week as a pull-back from record levels gathers pace, industry sources told Reuters on Friday.

"Buyers are withdrawing because of too high prices, and they are dropping to 56 crowns per kilo next week," said a producer who declined to be named.

Sources also said output was on the rise. Prices for the current week were around 61-62 crowns per kilo, somewhat lower than the expectations expressed a week ago of 63-65 crowns.

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