The London Fish Exchange

LFEX European Aquaculture Snapshot to 22nd May, 2026

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The LFEX Norwegian Exporters Index for Week 21 2026 ended the week DOWN -3.90 NOK / -5.12% stand at 72.24 NOK (in EUR terms 6.74 / -0.33 / -4.68%) FCA Oslo Week ending Thursday to Thursday.

The NOK rate ended DOWN at 10.72 (-0.05 /-0.46%) to the Euro to yesterday Thursday. The Fish Pool Euronext future June was reported DOWN at 7.35 EUR (-3.29% / -0.25) for the same period with July showing 6.74.

The Last Week

The chart resembled a smile for the trading week, albeit a small one. Friday opened at 72.98 down 3.16 NOK or -4.15% with negative sentiment around the market. While we didn’t see huge volatility the market was off a further 0.6 NOK on Monday and a whole 1 NOK on Tuesday as the market bottomed at the 71.13 level offered. Wednesday was flat if up small, and Thursday got us back to 72.24 matching Mondays level. There was a technical support level around the 72.82 as noted in last week’s technical analysis.

The FX rate continued to head south for most of the week meaning further NOK strength and more expensive fish in EUR terms. The rate hit a high on Friday of 10.85 and broadly came off all week to Thursday’s close level of 10.72.

Average spreads 3-6 have come in to less than 2 NOK by the end of the week, with the smaller fish showing only a small difference between them 71.67 vs 71.79 (3-4 vs 4-5).

Next Week

Indications for next week are coming in at around 74.69 NOK Friday offered levels for the index, which is a little above last week’s (yesterday) close of 72.24. Availability remains good again. Another 4 day week because of Whitsun. Feeling is not really confident that this level will hold, but we’ll see.

Spreads are around 2 NOK between 3-6s evenly spread.

The EUR NOK FX rate is this afternoon is around the 10.74 level having picked up from its lows earlier today down at 10.715. This makes the price in Euro’s around 6.95 FCA Oslo this afternoon.

Volumes – Fresh Export

Volume figure for week 20 (2026) was 20,806 tons, UP 1,283 tons as compared to 19,523 in 2025 some 6.57% HIGHER. Volumes for weeks 21 and 22 (2025) were 20,466 and 18,233 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 22 2025 ended the week UP +1.04 NOK / +1.59% to stand at 66.46 NOK (in EUR terms 5.78 / +0.10 / +1.77%) FCA Oslo. The NOK rate ended DOWN at 11.50 (-0.02 / -0.17%) to the Euro. The Fish Pool Euronext future June was reported DOWN Thursday to Thursday -0.20 / -3.23% at 6.00 EUR, approximately 69.00 NOK.

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

Did You Know?

The LFEX platform helps sellers manage and distribute multiple prices to different customers in real-time on the system.

Customers are different and have different demands, whether it is sizes, classifications, certifications, currencies or INCO terms. The platform allows sellers to manage this process, getting bespoke pricing out to a universe of customers quickly and easily allowing buyers more immediate access to offers to see and react to.

FAQ’s

Q. How does your weekly pricing change work?

A. The index is a useful tool for overall pricing as well as tracking intra week volatility and we calculate and publish the index every day. We report the weekly change based on the change from the previous Thursday – effectively that week’s close to the Thursday of that following week. This gives an accurate measure of the actual change week on week, especially useful when pricing has gapped between the Thursday close and Friday pricing. The index will show how it changed during that week, capturing the opening levels as prices and sales are pushed at the start of the week and where it ends up, and is a useful indication of intra week sentiment.