The London Fish Exchange

LFEX European Aquaculture Snapshot to 13th February, 2026

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The LFEX Norwegian Exporters Index for Week 7 2026 ended the week DOWN -14.90 NOK / -15.12% to stand at 83.67 NOK (in EUR terms 7.43 / -1.16 / -13.46%) FCA Oslo Week ending Thursday to Thursday (yesterday).

The NOK rate ended DOWN at 11.26 (-0.22 / -1.92%) to the Euro over the same period. The Fish Pool Euronext future March was reported DOWN at 8.25 EUR (-1.20% / -0.10) for the same period for comparison with April showing 8.64.

The Last Week

Prices fall back. Week 7 was one of those weeks where we saw a brutal pullback in prices. Friday saw prices peak after the recent gains at 99.19 NOK up 0.63% / 0.62 NOK on the prior week close. All down hill from there, off 3.5 NOK on Monday, 3.25 Tuesday a seemingly consistent 3 NOK lower on Wednesday at 89.22, and an end of week cave-in down to 83.67 NOK, a level we last saw on the 29th January before this recent run-up and volatility. Top to bottom intraweek fall of over 15.5%. End of Asian orders for the Chinese New Year bringing the market lower, and a lot of people nursing losses on both the exporter and buy side.

The FX rate moved significantly lower this week off nearly 2% from a high of 11.48 on Friday down to a close out level of 11.26, and unidirectional.

Spreads have remained very tight intraweek and showed around a 1.6 NOK gap between 3/4s and 5/6’s for Thursday (yesterday).

Next Week

Early indications showing prices around the 85 NOK offered level for the index as we head into the new week. But talk of lower prices around. Exporters are pretty sore after last week as are many buyers who bought early. Pricing is difficult today after the bruising of last week and the unloading of unsold fish at the end of the week. Volumes are good especially bigger fish but the demand from China is no longer there.

Spreads are sitting small around 2.00 NOK 3-6s evenly spread.

The EUR NOK FX rate is this afternoon is around the 11.28 level and has been higher at up to 11.34. This would give an indicative Euro index price around 7.53 EURO on offered levels Friday.

Volumes – Fresh Export

Volume figure for week 6 (2026) was 19,798 tons UP 4,614 tons as compared to 15,184 in 2025 some 30.4 % HIGHER. Volumes for weeks 7 and 8 (2025) were 15,966 and 15,536 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 8 2025 ended the week up +1.42 NOK / +1.59% to stand at 90.87 NOK (in EUR terms 7.83 / +0.19 / +2.55%) FCA Oslo. The NOK rate ended down -0.11 NOK / -0.94% at 11.61 to the Euro. The Fish Pool Euronext future March was reported at 7.65 EUR.

David Nye’s technical analysis report will be published on Monday.

Did You Know?

You can manage sales inventory to target customers.

If you know how much you want to move, at what price and which potential customers you want to sell it to – you can configure this in seconds on the system. You can then manage this in real-time, chip away at the orders but always in control of where you are at. You can use the chat facility to engage with and encourage customers around your offer.

FAQ’s

Q. Can I communicate in a different language on the platform?

A. The good news is that the chat service supports multilanguage / characters meaning as long as users have the necessary input keyboard, they can communicate in any language they choose. This includes Chinese characters – for which you can use Google translate to …translate, as well as the ever-helpful emojis.