Norway Salmon Stocks Repel Market Plunge as Production Peaks
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Marine Harvest ASA, the world’s biggest salmon farmer, and other producers are surviving a slump in fish prices over the last two months as a supply overhang is seen coming to an end.
Spot prices for Atlantic salmon plunged 32 percent from a record in July as warmer sea temperatures hastened fish growth and boosted volumes, according to data from the Bergen, Norway-based Fish Pool ASA salmon exchange. The Oslo Stock Exchange’s 15-member Seafood Index has fallen 0.6 percent since mid-July, helped by an outlook for a “pretty tight” market next year, Swedbank AB said.