The London Fish Exchange

LFEX European Aquaculture Snapshot to 16th April, 2025

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The LFEX Norwegian Exporters Index for Week 16 2025 ended the week UP +12.19 NOK / +14.52% to stand at 96.17 NOK (in EUR terms 7.96 / +0.94 / +13.38%) FCA Oslo Week ending Wednesday vs previous Thursday.

The NOK rate ended UP at 12.08 to the Euro over the period Thursday to Wednesday. The Fish Pool Euronext future May was reported UP Thursday to Wednesday +0.25 / +3.65% at 7.10 EUR, approximately 85.77 NOK.

The Last Week

As noted in last week’s report we expected and saw a huge jump in prices on Friday for the pre-Easter week. We saw a 19.2% jump from Thursday to Friday as the market for the new week opened up offered at 100.1 NOK level. The jump didn’t come as a surprise. The market then settled back gently to the 98 level Monday, 97.5 on Tuesday and closed out at around 96 NOK offered. Good volume and demand in the normal sizes 2-6. Larger fish 6+ struggling with large volumes. Market reopens on Tuesday.

Total spreads remain around the 1 NOK between sizes 3/4s and 5/6s.

Next Week

No real indications for next week as yet. Sentiment is that prices will definitely be softer post Easter, but getting a read is difficult. Buyers want a (much?) lower price, but that remains to be seen.

EUR NOK FX rate has moved down slightly down and currently sits at the 12.00 levels. This would give an indicative Euro index price around 8.00 on levels later Wednesday.

Volumes – Fresh Export

Volume figure for week 15 (2025) was 20,009 tons up 6,994 as compared to 13,015 in 2024. Volumes for week 16 and week 17 (2024) were 11,766 and 12,923 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 17 2024 ended the week down -4.58%, -5.71 NOK to stand at 118.83 NOK (in EUR terms 10.12) FCA Oslo. The NOK rate ended up at 11.74. The Fish Pool future April was reported flat at 130.50 NOK with May showing 117.0.

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

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