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.
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].
Our salmon market assessments cover various categories and product types. Products are categorized by species, processing type, and origin, providing detailed and segmented price reporting.
| Species | Origin |
|---|---|
| Farm-raised Atlantic Salmon (Salmo salar) | Chile, Norway, Canada |
Chilean salmon is priced on an FOB Miami basis for both fresh and frozen product forms. This means prices reflect the cost once the product has landed, been palletized, and handled at cold storage in Miami.
Norwegian and Canadian salmon are both priced on an FOB Northeast basis, reflecting landed costs at cold storage facilities in the northeastern US For Norwegian product, this applies across fresh fillets, wholefish, and frozen portions. Canadian salmon follows a similar structure, with pricing based on the region where the product is most commonly distributed.
For fresh fillets from all three origins, Chile, Norway and Canada, prices reflect pallet-level trade volumes of approximately 3,500 pounds, which aligns with standard wholesale market practice.
For wholefish and frozen portions, Norwegian and Canadian salmon are priced at container-load volumes, typically around 160 cases for wholefish and approximately 40,000 pounds for frozen shipments. In contrast, frozen Chilean salmon remains quoted at pallet-level volumes, consistent with how it is traded in the US market.
Our methodology prioritizes data to ensure accuracy and market reflection:
Independent, confirmed trades are prioritized to form the basis of our assessments.
Validated bids and offers open to the market are considered.
Includes relevant data on trends, related product relationships, and general market activity.
Where needed, we use general indications from experienced market participants to supplement transactional data.
Salmon prices are updated and published weekly on Wednesdays at noon EST to capture timely and accurate market shifts.
Data is gathered daily from 8:00 a.m. to 5:00 p.m. EST, capturing current trading information to feed into upcoming assessments.
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.
