The London Fish Exchange

LFEX European Aquaculture Snapshot to 10th April, 2026

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The LFEX Norwegian Exporters Index for Week 15 2026 ended the week DOWN -7.14 NOK / -8.12% to stand at 80.84 NOK (in EUR terms 7.27 / -0.58 / -7.37%) FCA Oslo Week ending Wednesday to Thursday (yesterday).

The NOK rate ended DOWN at 11.12 (-0.09 /-0.80%) to the Euro over the same period. The Fish Pool Euronext future May was reported DOWN at 8.22 EUR (-1.20% / -0.10) for the same period for comparison with June showing 8.35.

The Last Week

An interrupted week. Easter saw the usual reduction in trading days in Norway and Europe. Unsurprisingly after the Easter demand pricing came off. Tuesday saw us pretty level from the prior week closing out levels, down 0.84 NOK on Tuesday pricing at 87.14. The following two sessions saw drops to 84.24 on Wednesday and 80.24 on Thursday respectively, so a 7.2% drop over two days as orders reduced and unsold fish remained.

The FX rate was less volatile this week with a clear and even trend down from 11.25 levels to 11.12 over the last 4 trading sessions.

Spreads are showing around 4 NOK 3-6s and consistent over the last 3 sessions with 5/6s slightly higher in the mix.

Next Week

Early indications for next week are coming in at the 76.5 NOK level for the index, a significant drop on last week close yesterday of 80.84, and a long way off prices at the beginning of last week (87 NOK levels). Unsold fish last week and plenty of volume this week especially in the larger sizes and prices are dropping. Orders are being delayed as buyer see where pricing ends up and large fish heavily discounted as logistics costs escalate to Asia.

The EUR NOK FX rate is this afternoon is around the 11.14 level having rebounded off its low of 11.095 level earlier today.

This makes the price in Euro’s around 6.87 FCA Oslo this afternoon.

Volumes – Fresh Export

Volume figure for week 14 (2026) was 16,503 tons, DOWN 2,550 tons as compared to 19,053 in 2025 some 13.38% LOWER (accounted for by a later Easter in 2025). Volumes for weeks 15 and 16 (2025) were 20,009 and 13,620 respectively for comparison.

Historical Price Guidance for Next Week

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

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

Did You Know?

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FAQ’s

Q. How do I know I’m getting the best price?

A. A good question. The best price might be described better as the right price, taking into account your volumes, delivery dates and specifications. The only clear way to achieve this is to have offers from as many companies as possible and co-ordinate this, to build up the price development picture and lastly to have a refence or benchmark price to provide guidance on the current market prices and activity. It’s called a market or an exchange and it is the only independent way you can secure and evidence the right price when you trade.