Get ready for some more pain in the Atlantic salmon market. Major mortality events in Chile and eastern Canada last fall caused a combined loss of 40 million pounds of harvest-ready salmon, so the global supply of farmed Atlantic salmon is very tight to say the least. Chile only has sizes 12/14 and larger, no small fish.
Norway is the only country with an ample supply, but their fish aren’t cheap. With Lent starting in just two weeks, look for today’s high prices to move even higher. Odds are we will approach the $10 mark on salmon fillets with portions upwards of the $13 mark.
Prices subject to fluctuation