The London Fish Exchange

LFEX European Aquaculture Snapshot to 15th December, 2022

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The LFEX Norwegian Exporters Index Week 50 was down – 8.60%, -6.94 NOK to stand at 73.73 NOK FCA Oslo Week ending Thursday vs previous Thursday.

The NOK ended lower over the week ending at 10.41 to the Euro over the period Thursday to Thursday -0.09 NOK or -0.86%. The Fish Pool future December was reported down -3.0 at 77 NOK.

A roller coaster ride as prices opened firmly higher in the week, +2.53 NOK to the good at 83.2 NOK. Prices were however underwater from Monday at less than 80 NOK, rolling off on Tuesday and Wednesday 78.16 and 77.72 respectively to plumet to 73.73 on Thursday. Top to bottom a near 9.5 NOK or 11.38% drop in four days. It was a tough week to gauge pricing in the lead up to Christmas, but pricing is now at a similar level to the same time last year. Volumes were still good and Week 49 saw 23,460 fresh tons go through. Next week is a 5 day working week before Christmas and there is the expectation of fish availability. Therefore, pricing will be under pressure to start the week but might find some strength later. Again a hard one to judge and as usual we will see…

David Nye’s analysis for a Technical viewpoint will be published on Monday.

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