Salmon Prices are at an all-time high, several factors have influenced the price and we have seen a continual rise since the beginning of this year with costs currently sitting at 60% more than 2015.
With Salmon in short supply this has a global knock-on effect as supermarkets scramble to secure orders from other countries and prices increase across the board.
Because of events related to the higher than usual ocean temperatures, and an algal toxic bloom, Chilean salmon prices are up by over 60% compared to 2015 and extreme weather in Norway has meant that production in 2016 is down from 2015 and prices are up 63% on last year also.
The crisis has been slower affecting supermarkets whose fresh fish including that on the counters often rely on fish that was early harvested, frozen and ‘refreshed’, a process of defrosting fish from frozen and presenting as fresh. In contrast, the salmon we supply is purchased and prepared to order or sold frozen to lock in goodness.
Up to now we have absorbed the soaring costs but unfortunately we now find ourselves in a position where we are no longer able to hold the current price and therefore there will be a slight price increase with immediate effect. Without securing a slight increase the supply would be in jeopardy.
We appreciate that price increases are not ideal and please be assured that we will regularly review the situation and when this year’s harvest comes through we hope prices will stabilise again at which point we look forward to passing any savings on to our customers. We appreciate your patience during this time but working with natural products has these challenges.