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Bank downgrades salmon sector with spot prices ‘nowhere near’ expectations

Norwegian bank remains bullish on salmon prices for 2020-21, but has cut its 2019 forecast to NOK 58/kg, and noted there is a 'downside risk building up'

By Neil Ramsden | Aug. 19, 2019 09:57 BST
A salmon farm in Norway. Credit: UBC Stock/Shutterstock.com
A salmon farm in Norway. Credit: UBC Stock/Shutterstock.com
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SpareBank 1 Markets has downgraded the Norwegian salmon farming sector from a 'buy' to a 'neutral', stating the current spot prices are "nowhere near" expectations [...]

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