A perfect storm: Why salmon prices are soaring in 2016

A perfect storm: Why salmon prices are soaring in 2016

As a consumer product, very few types of seafood are able to compete on the same levels of supply and international demand as farmed Atlantic salmon. The increasing global appetite for this fish has seen exports grow rapidly in the last two decades, reaching a record 2.3 million tonnes with a value in excess of €13 billion last year.

Collectively, the salmon farming industry’s output has grown 7-8% annually since 1997. However, this year’s total is expected to decline to around 2.2 million tonnes with many stakeholders not expecting any increase for at least another two years.

There are a number of reasons for this supply decrease, but the biggest impacts have come from naturally occurring biological challenges in key farming areas – predominantly sea lice infestations in Norway and algal blooms in Chile. Historically, these two countries account for around two-thirds of the world’s salmon production, but both are forecast to see their respective outputs fall by 100,000 tonnes in 2016.

While there is some good news in the market in terms of salmon supply, such as higher output from Scotland this year, these contributions do very little to offset the overall decline. Therefore, combining the reduced availability with the unprecedented demand for salmon, a perfect storm has emerged whereby at numerous stages this year salmon prices have been 30-40% more than they were in the corresponding period of 2015.

Unfortunately, the high prices and declining availability of farmed salmon have left many buyers and processors in key markets struggling to fill orders in recent months. With sea lice, algal blooms and other biological challenges remaining unwanted forces to be reckoned with, not to mention fast-growing demand from existing and new regions, the market should be prepared to pay more for salmon in the future. We will all simply have to wait to see by how much and for how long.

Some comfort should be taken from the salmon industry’s determination to quickly get production back on a growth trend. As the aquaculture sector’s technological frontrunner, it is actively seeking, through heavy investment, new production areas, alternative feed sources, new technologies etc. that can help solve its biological challenges cost-effectively and bring greater stability to the market.


For more information, please contact your Account Manager on 01253 774100 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

Neve's Mission to Support The Fishermen

Neve Fleetwood will be raising money this July for The Fishermen’s Mission by entering a team into the Blackpool Summer 10K Run.

Taking place on Sunday 10th July 2016, the course starts at Middle Walkway on the Promenade in Blackpool and takes a fast and flat 10K route around the coast of the town.  

The Fishermen’s Mission is close to the heart of the Neve Fleetwood team; with the majority having family members both past and present that have worked, or still work in the fishing industry.  

The Fishermen’s Mission reaches out to both active and retired fishermen by providing practical, spiritual and financial support – as well as a vital emergency response service.  They are the only national charity that works solely to help fishermen and their families - from having a heart to heart over a cup of tea, to responding when a fisherman is lost at sea. They are the vital port of call for fishermen and their families when they most need help, 24 hours a day, every day of the year.

Neve Fleetwood have been providing fresh fish and seafood to the restaurant and catering industry in and around the North West, for over 30 years.  Neve Fleetwood goes back three generations to when its founders Chris and Gerrard Neve began going door-to-door, selling fish to local markets and restaurants.  The business has changed dramatically since those days, however one thing that remains is the heritage and passion amongst the Neve Fleetwood team who are all local, with their roots firmly based in the fishing industry.

To get involved and sponsor the team, please visit www.justgiving.com/nevefleetwood

To find out more information about The Fisherman’s Mission, please visit their website at www.fishermensmission.org.uk.

Neve Fleetwood will be raising money this July for The Fishermen’s Mission by entering a team into the Blackpool Summer 10K Run.

Taking place on Sunday 10th July 2016, the course starts at Middle Walkway on the Promenade in Blackpool and takes a fast and flat 10K route around the coast of the town. 

The Fishermen’s Mission is close to the heart of the Neve Fleetwood team; with the majority having family members both past and present that have worked, or still work in the fishing industry. 

The Fishermen’s Mission reaches out to both active and retired fishermen by providing practical, spiritual and financial support – as well as a vital emergency response service.  They are the only national charity that works solely to help fishermen and their families - from having a heart to heart over a cup of tea, to responding when a fisherman is lost at sea. They are the vital port of call for fishermen and their families when they most need help, 24 hours a day, every day of the year.

Neve Fleetwood have been providing fresh fish and seafood to the restaurant and catering industry in and around the North West, for over 30 years.  Neve Fleetwood goes back three generations to when its founders Chris and Gerrard Neve began going door-to-door, selling fish to local markets and restaurants.  The business has changed dramatically since those days, however one thing that remains is the heritage and passion amongst the Neve Fleetwood team who are all local, with their roots firmly based in the fishing industry.

To get involved and sponsor the team, please visit www.justgiving.com/nevefleetwood

To find out more information about The Fisherman’s Mission, please visit their website at www.fishermensmission.org.uk.

Neve Fleetwood
Copse Rd, Fleetwood
Lancashire, FY7 6RP

Phone: 01253 774 100
Email: sales@nevefleetwood.co.uk

Seafood Holdings Limited (Trading as Neve Fleetwood)
Registered in England Number 04227047
VAT Number GB 173 9880 60
Units 10-14, Cedar Way Industrial Estate, Camley Street, London, N1C 4PD

 



             

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