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UCN Norway Salmon Price Reporting Methodology


Undercurrent News aims to provide accurate, transparent price assessments for the salmon sector. These assessments will reflect key market trends and offer clarity for buyers, sellers, traders, and other participants within the supply chain.

All assessments listed here follow the IOSCO-aligned Undercurrent News Price Reporting Methodology, which provides transparency and clarity on data collection, pricing criteria, and assessment processes.

For more details, please refer to our

Methodology principles

Our methodologies are updated periodically to reflect the latest market standards and practices. When changes are made, subscribers will be informed through our regular publications and communications. Our market reporting team can address questions or provide additional guidance on methodology details or assessment-related inquiries. They can be contacted at [email protected].

Product coverage and specifications

Overview

Our Norway salmon market assessments cover fresh, gutted Atlantic salmon, delivered to the carrier in Norway for transport to Europe.

Categories

Salmon

SpeciesOrigin
Farm-raised Atlantic Salmon (Salmo salar)Norway

Pricing basis and volume

Pricing structure

Fresh Product: Prices are listed as FCA Oslo, denoting the point at which responsibility for the product transfers from the seller to the buyer at the Oslo location.

Transaction size

All prices reflect common transactions. Prices are stated in NOK/kg, aligning with industry practice.

Hierarchy of data collection for price assessments

Our methodology prioritizes data to ensure accuracy and market reflection:

verified-icn

Verified transactions

Independent, confirmed trades are prioritized to form the basis of our assessments.

marketbids-icn

Market bids and offers

Validated bids and offers open to the market are considered.

supplemtary-icn

Supplementary market information

Includes relevant data on trends, related product relationships, and general market activity.

participant-icn

Participant price valuations

Where needed, we use general indications from experienced market participants to supplement transactional data.

Quotation timing and frequency

Publication schedule

Norway salmon prices are updated and published weekly on Fridays at 4:00 GMT for product delivery within 7 days to capture timely and accurate market shifts.

Daily data collection window

Data is gathered daily from 8:00 a.m. to 5:00 p.m. GMT, capturing current trading information to feed into upcoming assessments.

Terminology and definitions

Key terms

  • FCA (Free Carrier): International trade (INCO) term where seller makes product available at a designated location, or named place (usually a port of shipment), and once loaded on vessel, the buyer is responsible for the goods and the rest of the costs including but not limited to shipping costs, insurance and liabilities.
  • 1–2 kg, 2-3 kg, …, 8-9 kg, 9+ kg (Head-on, Gutted): These specifications refer to the approximate weight range of the whole gutted fish, head-on in a box or carton. For example, a “1–2 kg” listing means each fish weighs between one and two kilograms.

Get in touch with our Price Reporting Team

Have questions or need more information about our price assessments? Our expert price reporting team is here to help. Whether you’re looking for market insights or guidance on submitting data, don’t hesitate to reach out—we’re committed to providing clarity and support.

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