LFEX European Aquaculture Snapshot to 29th December, 2022

John Ersser - The London Fish Exchange

Published: 30th December 2022

This Article was Written by: John Ersser

   ,

The LFEX Norwegian Exporters Index Week 52 was up +7.56 %, +6.10 NOK to stand at 86.78 NOK FCA Oslo Week ending Thursday vs previous Thursday.

The NOK rate ended up over the week ending at 10.54 to the Euro over the period Thursday to Thursday +0.15 NOK or +1.44%. The Fish Pool future December was reported up slightly +1.50 NOK at 79.0 NOK with Jan 23 no change at 91.35.

The squeeze on fish continued as expected in the Christmas / New Year week. Prices were expected higher on the Friday and were pushed up 9.2 NOK or +11.4% for the weeks open. This was the peak of a shorter trading week with Monday closed and prices gently reducing Tuesday through to Thursday 88.08 NOK down to 86.78 NOK but still a large overall rise. Spreads between 3-4’s and 5-6’s opened to a huge near 15 NOK on the Friday with bigger fish showing 98 NOK, the spread came in to 9 NOK over the week, but yesterday was showing a diversion of bigger fish higher again, with 3-5’s dropping. There is no clear direction for next week.…We wish everyone as happy, healthy and successful 2023.

David Nye’s technical analysis report will be out on Tuesday.

  Market Data (Click Each to Expand)

LFEX Prices
FX Rates
LFEX Indicative Exporter Prices (4 Week)
EUR / NOK FX Rate (4 Week)

Prices Ending 29th December, 2022

For Friday's Price For Next Week, Offers & Trading Please Register

Did You Know?

Sometimes people are concerned about beginning the transition from manual to electronic transacting.

Is it acceptable to do both? The short answer to this is of course yes. In fact we recommend that this is how people start. By dipping your toes you learn about the system, what you see and what to expect. You can then build confidence and proactively use the system to get the maximum benefit from it. You can download the orders from the system if you need to into a CSV file, or input data into your existing system in the same way you do a manual trade.

FAQ’s

Q. Can I as a buyer enter a price that I am prepared to trade on?

A. 100% yes. Buyers can not only make specific requests based on their own requirements, they can also add a price to the request that they are prepared to buy at. Sellers can accept this price and trade with you, or counter with their own price(s). Buyers can amend their prices, or withdraw them at any time, and are in complete control of the prices they want to show and to whom they want to show them. This is a great way of building an understanding of a market where there are both sellers prices and buyers prices are visible.