Atlantic Salmon Market Continues to Hurt

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The Atlantic salmon market is severely short of fish today. The “major mortality events” of last fall, where millions of pounds of salmon died due to algal blooms because the oceans around the world are too hot, are playing out today as we speak. The “spot market” on whole fish is the highest it has been in years.

Whole fish are over $6, and fillets are at the $10 mark. With the start of Lent last week, demand will only increase, forcing prices to jump. The only thing that may change the situation is that all the Atlantic salmon currently being sold to Russia, which is a lot of fish, is now being rerouted and sold elsewhere. Chile is not part of NATO, but the two major shipping lines that service Russian ports from Chile said they would no longer deliver to Russia last week.

Prices are subject to change.