LFEX European Aquaculture Snapshot to 1st June, 2023

John Ersser - The London Fish Exchange

Published: 2nd June 2023

This Article was Written by: John Ersser

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The LFEX Norwegian Exporters Index for Week 22 2023 was stronger with the market up +4.04%, +4.52 NOK to stand at 116.49 NOK FCA Oslo Week ending Thursday vs previous Thursday.

The NOK rate was up at 11.95 to the Euro over the period Thursday to Thursday +0.22 NOK or +1.88%. The Fish Pool future June was reported higher at 102.0 NOK up +0.5 NOK or +0.49%.

The last bank holiday for a while and a 4 day week. Prices opened firmer as predicted, although maybe firmer than expected with a 5.98 NOK / 5.34% jump on last weeks close. Monday was bank holiday and the market found more strength on Tuesday for the peak at 119.05. Wednesday and Thursday started to see the market tail off a little. Lower harvest volumes saw reduced supply keeping pricing stronger. Next week there are expectations of more harvesting coming through and Poland is off on Thursday which leads to pricing indicating a little softer than this week. 5/6’s pricing is starting to come back into line now that there is more / or imminently more volumes in this size. EURNOK has been powering away to the highest level since March 2020 benefitting Euro buyers. We shall see.

David Nye’s technical analysis report 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 1st June, 2023

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