The London Fish Exchange

LFEX European Aquaculture Snapshot to 19th June, 2026

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The LFEX Norwegian Exporters Index for Week 25 2026 ended the week DOWN -3.15 NOK / -4.55% stand at 66.10 NOK (in EUR terms 5.95 / -0.36 / -5.67%) FCA Oslo Week ending Thursday to Thursday.

The NOK rate ended UP at 11.11 (+0.13 /+1.18%) to the Euro to yesterday Thursday. The Fish Pool Euronext future July was reported DOWN at 6.45 EUR (-1.53% / -0.10) for the same period with August showing 6.08.

The Last Week

A negative week as index prices fell away. The week opened flat / down small on Friday at 68.81 versus the close last Thursday at 69.25 as sentiment was benign at the start of the week. Tuesday saw a small pick-up back to the 69.25 level and the high of the week. It was downhill from there, as spreads widened and the market dropped 2.5 NOK on Tuesday to 67.77, 66.98 on Wednesday and continued down to close out at 66.1. Good availability has softened prices.

Apart from Wednesday when the rate gave back a little, the FX rate again saw a one-way movement as the oil prices continued to drop. Both Bent and WTI saw prices drop below USD 80 this week. The effect of this was to close the euro index level below 6 (5.95) on Thursday as the currency rate moved 1.18%.

Average spreads widened considerably and 3-6’s spread closed at a little under 5 NOK having widened some 3 NOK since last week.

Next Week

Indications for next week are coming in at around offered 65 NOK Friday offered levels for the index. Continued good volumes coming through which has been putting downward pressure on prices.

Spreads are around 4.5 NOK between 3-6s, 5-6s at a premium compared to 3-5’s.

The EUR NOK FX rate this afternoon has crept up further to 11.12 level having come off its earlier highs of 11.17 earlier today. This makes the price in Euro’s around 5.84 FCA Oslo this afternoon.

Volumes – Fresh Export

Volume figure for week 24 (2026) was 22,593 tons, UP 4,088 tons as compared to 18,505 in 2025 some 22.09% HIGHER. Volumes for weeks 25and 26 (2025) were 22,332 and 21,721 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 26 2025 ended the week UP +3.75 NOK / +5.72% to stand at 69.30 NOK (in EUR terms 5.87 / +0.20 / +3.48%) FCA Oslo. The NOK rate ended UP at 11.80 (+0.25 / +2.16%) to the Euro. The Fish Pool Euronext future July was reported DOWN Thursday to Thursday -0.10 / -1.60% at 6.15 EUR with August showing 5.90.

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

Did You Know?

Odd Lots – what does it mean, and can I trade them?

Odd Lots, or smaller orders and unusual one-off transactions are often the result of a surprise demand that needs to be facilitated by a buyer, or a smaller excess inventory from a seller. The use of a platform is ideal in this scenario allowing both sides to broadcast their Odd Lot requirement to multiple counterparties quickly and easily, and to source and mop up the requirement. It means the system can take the strain as opposed to chasing around for ultimately a low volume order.

FAQ’s

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