Britain’s top fish supplier Young’s Bluecrest says the Minimum Import Price for farmed salmon being imposed imminently will bring stability to the market.
The earlier duty level imposed by Brussels led to protests from the Norwegians, who threatened to go to the World Trade Organisation.
Brussels has now agreed a 12.81/kg (£1.86/kg) MIP. Scottish salmon prices per kg ex Glasgow have been reaching highs of £3.45 in recent months, but this has primarily been due to the contraction of the domestic sector caused by huge losses in the past four years.
Young’s deputy chief executive, Mike Parker, said that he expected to see supermarket prices rising “but not as dramatically as they might have done”.
Sea Products of Scotland MD Willie Liston said domestic supply prices would be kept up in the next 18 months by demand outstripping supply globally. He said he personally would favour a combination of an MIP with import quotas.