The period between November 2007 and January 2008 has been a particularly turbulent one for the farmed salmon market. After a prolonged phase of strong supplies, the increased demand around Christmas, coupled with the bad weather, resulted in a decline in salmon supplies. Therefore, prices picked up between mid-December and mid-January. However, towards the end of January, supplies of Norwegian salmon started to increase once again against a diminishing demand, thus leading prices to fall by 10 percent. At the time of the preparation of this report (mid-February 2008), prices were still declining.

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