The London Fish Exchange

LFEX European Aquaculture Snapshot to 18th September, 2026

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The LFEX Norwegian Exporters Index for Week 38 2026 ended the week DOWN -0.82 NOK /- 1.22% to stand at 66.64 NOK (in EUR terms 6.16 / -0.11 / -1.76%) FCA Oslo Week ending Thursday to Thursday.

The NOK rate ended UP at 10.82 (+0.06 / +0.56%) to the Euro to yesterday Thursday. The Fish Pool Euronext future October was reported UP at 6.15 EUR (+2.16% / +0.13) for the same period with November showing 6.45.

The Last Week

A reversal of the previous week. Offered prices opened down last Friday at 66.84 a decrease of 0.62 NOK / – 0.92% over last weeks close (67.46), and this also happened to be the high of the week. Monday, Tuesday and Wednesday saw prices sitting around the 66.6 to 66.3 levels and closed out at 66.64 on Thursday. While the index was stable we saw a departure between smaller and larger fish pricing.

The FX rate exhibited a clear overall trend upwards this week from 10.79 on Friday to a peak of 10.825 on Thursday. Trend offering higher highs and higher lows as the week progressed.

Spreads on 3-6s widened to 5.5 NOK during the week as 3-4s dropped and 5-6s increased. By Thursday the spread was up to 6 NOK as the 5-6s sold at a higher premium at the end of the week.

Next Week

Indications for the index for next week are coming in at around 69.5 NOK Friday offered levels for the index – so up around 3 NOK compared to this time last week (66.8). Still huge volumes coming through. Bigger fish are pushing up the index level today.

Spreads are around the 7.5 NOK level between 3-6’s as the abundance of smaller fish remain cheaper and 5-6s gap higher.

The EUR NOK FX rate this afternoon is moving around the 10.81 levels so not much change here. This makes the offered price in Euro’s around 6.43 FCA Oslo this afternoon.

Volumes – Fresh Export Whole Salmon

Volume figure for week 37 (2026) was 30,111 as compared to 24,791 for the same week last year UP
5,320 tons some 20.46% HIGHER. Volumes for whole salmon weeks 38 and 39 (2025) were 24,495 and 23,396 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 39 2025 ended the week UP +1.04 NOK / +1.37% to stand at 77.00 NOK (in EUR terms 6.59 / +0.02 / +0.33%) FCA Oslo. The NOK rate ended UP at 11.69 (+0.12 / +1.04%) to the Euro. The Fish Pool Euronext future October was reported UP Thursday to Thursday at 6.25 EUR, (+0.05 / 0.81%) approximately 73.06 NOK, with November showing 6.45.

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

Did You Know?

After you have executed transactions on the platform you can access documentation from this order?

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. When is LFEX open?

A. Like the city, the platform never sleeps. It is available for use 24 x 7 x 365. The nature of aquaculture trading is global with sellers and buyers from all corners of the planet. It is the perfect tool to manage orders 24 hours a day. It allows users to put up offers and requests when counterparties are asleep, knowing when they wake up and are available the system will have notified them of any new offers or orders they need to react to. Or perhaps just a morning chat or end of day round-up to keep building that relationship.