LFEX European Aquaculture Snapshot to 1st December, 2022

John Ersser - The London Fish Exchange

Published: 2nd December 2022

This Article was Written by: John Ersser

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The LFEX Norwegian Exporters Index week 48 was down -4.15%, -3.38 NOK to stand at 78.07 NOK FCA Oslo Week ending Thursday vs previous Thursday.

The NOK ended lower over the week ending at 10.23 to the Euro over the period Thursday to Thursday -0.12 NOK or -1.16%. The Fish Pool future November was reported up at 83 NOK +2.0 NOK for December.

The market didn’t play out as expected as volumes remained strong and the poor weather narrative didn’t arrive. A big push on prices on Friday up over 5 NOK / +6.24% was too much for buyers, the buyers backed off and prices slumped or crashed as the market stopped. Over the week there was an -8.46 NOK fall or- 9.38% top (Friday) to bottom Thursday. Monday sellers tried to maintain pricing, showing 85.74 NOK and 84.42 NOK Tuesday with the damage really coming through Wednesday 81.88 and Thursday 78.07 NOK. Looking forward to next week prices are expected to continue their slide further today Friday, with views of prices firming next week / to a continued weakening if bigger volumes are seen coming through. As usual we will see…

David Nye’s analysis for a Technical viewpoint will be published on Monday.

  Market Data (Click Each to Expand)

LFEX Prices
FX Rates
LFEX Indicative Exporter Prices (4 Week)
EUR / NOK FX Rate (4 Week)

Prices Ending 24th November, 2022

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