The London Fish Exchange

LFEX European Aquaculture Snapshot to 8th May, 2026

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The LFEX Norwegian Exporters Index for Week 19 2026 ended the week DOWN -8.41 NOK / -9.96% stand at 76.01 NOK (in EUR terms 7.01 / -0.73 / -9.46%) FCA Oslo Week ending Thursday to Thursday (yesterday).

The NOK rate ended DOWN at 11.85 (-0.06 /-0.55%) to the Euro over the same period. The Fish Pool Euronext future June was reported DOWN at 7.78 EUR (-3.95% / -0.32) for the same period for comparison with July showing 6.84.

The Last Week

A reversal in pricing. Thursday 30th April pricing was down -1.17 NOK / -1.37% at 84.42 from the prior days’ levels. Friday was labour day and closed, and Monday we saw 82.85 as prices softened slightly further into the new week. A one-way street from there as Tuesday took a near 3 NOK out of the index, Wednesday slightly more to 76.75 and we closed out softer at 76.01 for an overall down week of near 10% in NOK terms. Currency strength, logistics costs and demand reductions are putting pressure on distribution.

The FX rate saw some volatility intra week kicking off on Friday where the rate picked come off from 10.91 to 10 86 levels. Down to 10.81 on the 5th before peaking again to 10.92 the following day and closing out near flat for the week at 10.85. The EURNOK rate has been falling since its 18 December peak of 11.98 down some 8.78% to current levels.

Spreads have come in to around the 2.5 NOK level between 3-6s.

Next Week

Indications for next week are coming in at the 76.50 NOK offered levels for the index, pretty much 8 NOK lower than this time last week, and marginally up on yesterday’s close. Left over fish pushed prices lower yesterday and poor sentiment remains, as bigger fish struggle to find a home. A four-day week next week hasn’t provided any support for prices.

Spreads are tighter at around 1.25 NOK between 3-6s.

The EUR NOK FX rate is this afternoon is around the 10.835 level having fallen most of today from a 10.92 level early morning. This makes the price in Euro’s around 7.06 FCA Oslo this afternoon.

Volumes – Fresh Export

Volume figure for week 18 (2026) was 17,714 tons, DOWN 1,244 tons as compared to 18,958 in 2025 some 6.56% LOWER. Volumes for weeks 19 and 20 (2025) were 18,073 and 19,523 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 20 2025 ended the week UP +3.67 NOK / +4.99% to stand at 77.17 NOK (in EUR terms 6.61 / +0.33 / +5.17%) FCA Oslo. The NOK rate ended DOWN at 11.67 to the Euro. The Fish Pool Euronext future June was reported at 6.40 EUR, approximately 74.69 NOK.

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

Did You Know?

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By executing on the platform, you have a confirmed transaction between you and your counterparty – a fully electronically documented record of your transaction with all associated details contained in this. These details are immediately available in real-time to both parties and can be accessed whenever required. All history is maintained within the system. Further, a full suite of documentation can then be attached to these records whether it is invoices, specifications, logistics etc making all relevant trade documentation available to both parties the instant they are uploaded / updated.

FAQ’s

Q. I am concerned about beginning the transition from manual to electronic transacting. Is it acceptable to do both?

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