Although international salmon price is important, it is not as important for farms that sell overwhelming majority of their produce domestically like huo and tassal. Domestic consumptions are growing around 10% per annum and any reduce in sale price is easily offset by volume as long as margins are improved or maintained. Domestic prices in Australia is also significantly higher and more stable than international prices. It is a remarkably different case in Norway which is significantly more sensitive to volatility in the international market because of their relatively low domestic consumption, taking into consideration population size, especially considering how much they produce and export. This kind of thing is outlined in Tassal FY Result 2017, look at the domestic sales vs export sales and what the company says about prices.
