The London Fish Exchange

LFEX European Aquaculture Snapshot to 13th March, 2026

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The LFEX Norwegian Exporters Index for Week 11 2026 ended the week UP +7.28 NOK / +7.95% to stand at 98.86 NOK (in EUR terms 8.85 / +0.69 / +8.43%) FCA Oslo Week ending Thursday to Thursday (yesterday)

The NOK rate ended DOWN at 11.17 (-0.05 / -0.45%) to the Euro over the same period. The Fish Pool Euronext future April was reported UP at 8.55 EUR (+1.18% / +0.10) for the same period for comparison with May showing 8.75.

The Last Week

Another positive week for pricing which kicked off with significant jump on Friday to 99.15 a 7.57 NOK gain over last weeks close Thursday. Prices were offered much higher on the Friday which got pushed back for such a large increase on Monday as prices settled at 95.4 a level more in tune with expectations. However, this was short lived as we saw increases Tuesday to 96.44, Wednesday saw the week high as prices pushed to 98.94 and settled there for the week close at 98.86 levels. Volumes in week 10 were lower than the comparable levels in 2025, the second time in a row and reasonable volumes have been keeping prices firmer. Issues in the Middle East have not affected the 3-6 market, but larger fish sent to the Asian market are struggling to find a home.

The FX rate was lower this week closing at 11.17 off 0.05 from prior Thursday close, but actually a pretty flat week given oil price volatility.

Spreads between 3-6s have continued to be very tight this week and closed out at around 0.5 NOK on Thursday (yesterday).

Next Week

Early indications showing prices around the 100 NOK offered level for the index as we head into the new week. This offered level represents a 1 + NOK increase over closing levels on Thursday. Prices are being under pinned by the lead up to Easter, despite the Asian and Middle Eastern markets struggling with logistics costs and the Middle Eastern war. Volumes should pick up a little as Easter demand starts to come through.

Spreads are tight but coming in around 1.2 NOK between 3-6s.

The EUR NOK FX rate is this afternoon is around the 11.14 level as NOK has traded higher at up to 11.19 today before falling back this afternoon. This would give an indicative Euro index price around 8.97 EURO on offered levels Friday.

Volumes – Fresh Export

Volume figure for week 10 (2026) was 16,113 tons, DOWN 1003 tons as compared to 17,116 in 2025 some 5.86% LOWER and the second week running we have seen comparable volumes lower. Volumes for weeks 11 and 12 (2025) were 17,467 and 18,172 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 12 2025 ended the week UP +0.14 NOK / +0.16% to stand at 86.24 NOK (in EUR terms 7.49 / +0.07 / +0.95%) FCA Oslo.The NOK rate ended down -0.09 NOK / -0.78% at 11.51. The Fish Pool Euronext future April was reported flat Thursday to Thursday at 7.15 EUR.

David Nye’s technical analysis report will be published next week.

Did You Know?

You can place orders or RFQ’s on the system for an hour, a week, 2 weeks or longer, or any time period you want, allowing you to match your orders with your business demands.

It also means you can, for example, put up offers for available frozen inventory, and update those prices as often as you want to making it a great way to manage and control inventory over a period of time, and always having some stock in the market.

FAQ’s

Q. Once I have put up a request, can this be changed?

A. Of course. The system allows huge flexibility as you would expect from a professional trading platform. This could be modifying your volume because you have filled some requirement, to adding / modifying prices, cancel offers, suspend them or cancel the whole request are just some of the features available.