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Home BUSINESSSalmon price forecast to rise
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Tue, 15 Mar, 2016 12:10:08 AM
FTimes – STT Report, Mar 15
 
Domestic salmon in the Market on 23 July 2013. Photo - Lehtikuva.
Salmon prices are on the rise, according to the financial group Nordea's weekly report.
 
The reason for the projected rise of price is because the supply of salmon is expected to drop by six percent this year.
 
The reduction in the supply is due to highly toxic algal blooms affecting producers in Chile, where the blooms have killed large numbers of fish in salmon farms.
 
Due to this, the demand for salmon in the United States has turned to Norway.
 
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