The London Fish Exchange

LFEX European Aquaculture Snapshot to 14th February, 2025

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The LFEX Norwegian Exporters Index for Week 7 2025 ended the week up +0.42 NOK / +0.47% to stand at 89.45 NOK (in EUR terms 7.63 / +0.01 / +0.13%) FCA Oslo Week ending Thursday vs previous Thursday.

The NOK rate ended up +0.07 NOK / +0.60% at 11.72 to the Euro over the period Thursday to Thursday. The Fish Pool Euronext future March was reported down Thursday to Thursday – 0.50 EUR / -6.17% at 7.60 EUR which equates to approximately 89.07 NOK.

The Last Week

The index found stability for a flat trading week. The market opened a little stronger at 89.92 after last Thursday’s end of week 89.03 or around 1%. Sentiment wasn’t strong but less fish supported pricing. Monday saw 88.81 after the Friday sales push, Tuesday gave back the difference to 89.37, Wednesday down small and Thursday ending near the start levels for a stable week.

Total spreads between sizes 3/4s and 5/6s are around 9 NOK’s on index close, the 5/6’s at a 6 NOK premium to 4/5s on Thursday pricing.

The EURNOK FX rate was more volatile, and while rates fell from last Friday’s 11.63 to a low of 11.57 Monday and Tuesday before accelerating to 11.72 early Thursday giving a comparable Euro index price of 7.63 Euro.

Next Week

Early pricing indications from sellers for next week are coming around the 90.50 NOK level offered for the index, which puts us up about 1 NOK from Thursdays close. There is consensus that pricing is looking stable as we enter the coming harvest week. Smaller sizes are stable, there is some thoughts that bigger fish might come under a little pressure depending on volumes that come through.

EUR NOK FX rate is showing 11.67 this afternoon. This would give an indicative Euro index price around 7.75 on levels later Friday.

Volumes – Fresh Export

Volume figure for week 6 (2025) was 15,184 tons down 642 tons as compared to 15,826 in 2024. Volumes for week 7 and week 8 (2024) were 13,639 and 10,687 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 8 2024 ended the week up +7.68%, +8.41 NOK to stand at 117.87 NOK (in EUR terms) FCA Oslo. The NOK rate ended flat at 11.36. The Fish Pool future February was reported up +3.90 NOK, 3.56% at 113.50 NOK.

David Nye’s technical analysis report will be published this Monday.

Did You Know?

The LFEX stores all your previous orders and transactions for immediate access to all your activity on the platform.

It also saves previous orders so that you can quickly and accurately input new orders / RFQ’s without having to constantly key in new order information and allows constant updating of these orders (price / volume etc) as the market develops, until you trade or end the RFQ.

FAQ’s

Q. With pricing volatility I am concerned about getting caught selling too much at the wrong level – how can you help?

A. There are a number of ways we enable business to protect their offers / orders to give users comfort that they won’t be exposed. Primarily a specific amount of inventory can be offered to a group of buyers – the system won’t let you over trade. You can change available volumes and pricing instantly, as well as suspending pricing or cancelling offered prices or cancelling the offer completely as examples of some of the protection functionality we offer.