Price of salmon to rise as sea lice decimate global stock

16 January 2017 by
Price of salmon to rise as sea lice decimate global stock

The wholesale price of salmon is set to rise by up to 50% as it is revealed that global supplies fell by 9% in 2016 following an infestation of sea lice.

Outbreaks of the parasites called Lepeophtheirus salmonis in Norway and Scotland are thought to have caused the first decline of salmon in six years.

The outbreak comes after salmon stocks had already been dramatically reduced by a toxic algae bloom in Chile at the beginning of 2016. The algae killed millions of fish, leading to a 25% decline in Chilean salmon production last year according to fish industry analysts at Norwegian bank, Nordea.

The more recent infestation of sea lice led to a 6% reduction in supply from Norway, as the top five salmon farms produced 60,000 tonnes less than expected in 2016.

According to Nordea, global supplies experienced a drop of 8.7%, to a three-year low of 2.1m tonnes.

The parasites, which are less than 1.5cm long, are spread by being blown across the surface of the water. They feed on the blood and tissue of the fish.

Farmers are now trying to control the lice by using Thermolicers which raises the temperature of the water enough to destroy the lice. However, producer Marine Harvest said it accidentally killed over 170,000 fish while using this method.

Consumer demand for salmon has risen over the last few years; since 2002 consumption has risen 12%. The hike in prices during 2017 may see consumption fall.

Salmon prices spike 16% amid shortage fears >>

Lobster could double in price if EU bans imports >>

Caterers warned to check seafood provenance as fish sold illegally >>

TagsTrends, Food and Salmon
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking