
Norway's Record Salmon Supply Isn't Cooling Prices the Way It Used To
Real-time vessel tracking shows Norway's weekly harvest topping out in late June — and the price, for once, climbing straight through it.
Market Commentary
Market commentary on salmon and cod movements, prices, export and import trends, and predictions from the Oceans of Data team.

Real-time vessel tracking shows Norway's weekly harvest topping out in late June — and the price, for once, climbing straight through it.

There's an Icelandic saying: „Fljótt flýgur fiskisaga.“ — a fishy story travels fast. This week it travelled across two morning-radio interviews and turned one real number into a market. Here's what the auction data actually shows. (All prices ISK/kg; USD in brackets at Central Bank of Iceland rates, ≈126 ISK/USD in mid-2026.)

U.S. salmon imports rose ~18,000 tonnes in the first seven months of 2025, yet the average price per kilo fell 8.5%, squeezing exporter margins.

Early September cod landings reached about 26,645 tonnes across Iceland, Norway and the Faroes, while first-sales prices held firm around EUR 4.48/kg.

As the holiday season approaches, Icelandic auction prices for Atlantic cod have surged to record highs, driven by constrained supply and strong seasonal demand.

Poland is the largest importer of Norwegian salmon and a crucial processing hub. As 2024 ends, supply patterns are shifting and forecasts point to tighter availability.

Norway-to-U.S. salmon export volumes trended down through 2024, but fresh whole salmon imports rose, pointing to a growing U.S. preference for whole fish.

Introducing OceansEx, an auction index tracking Atlantic cod prices in Iceland and Norway, as the market approaches a new quota year and looming 2025 cuts.
A look at the data behind U.S. salmon imports in the first five months of 2024: volumes down 6.1%, values down 12.1%, and average price per kilo up 4.9%.