Price rises on farmed salmon began to occur in March 2009, after it became apparent that a breakout of ISA (Infectious Salmon Anaemia) in Chile was worse than expected. This outbreak meant that more than 80% of farmed salmon from Chile, the world’s second largest producer, was wiped out.

The speed of the ISA outbreak meant that Norway, the largest producer, was unable to react quickly enough, leading to a demand surplus that has pushed prices up. Another factor that has influenced the price of farmed salmon is the weakness of Sterling against the Norwegian Kroner, making it a more expensive specie to import.

Future prices are hard to predict, but it is likely that a cool summer combined with slow growth rates of juvenile salmon and further demand increases will lead to record prices. On the other hand, a hot summer, combined with a fast growth rate and a buoyant Sterling could potentially lead to a reduction in prices before the annual drop in September.

Keep checking back on the M&J Seafood website, or customers can contact their Sales Representatives for further information. Alternatively, call 01296 333 848 for further information on M&J Seafood and the products offered.