LFEX European Aquaculture Snapshot to 21st December, 2023

John Ersser - The London Fish Exchange

Published: 23rd December 2023

This Article was Written by: John Ersser

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The LFEX Norwegian Exporters Index for Week 51 2023 ended the week down – 0.94%, -0.80 NOK to stand at 84.23 NOK (in EUR terms 7.45 / +0.25/ + 3.44%) FCA Oslo Week ending Thursday vs previous Thursday.

The NOK rate ended down at 11.30 to the Euro over the period Thursday to Thursday -0.50 NOK or -4.24%. The Fish Pool future December was reported up + 1.00 NOK, +1.19% at 85.0 NOK with January showing 104.3.

The index price opened on Friday at 87.53 NOK / +2.86 %, +2.50 NOK up a little from the prior weeks close and probably accounted for earlier harvested fish. Last week the picture was a difficult one for people to judge taking into account the delivery periods of fish for Christmas and New Year. Monday and Tuesday saw strength building at 88.41 and 89.26 the high. Prices checked on Wednesday at 87.22 and dropped off on Thursday at 84.23 with fish to sell. Currency was a big mover last Friday with the EURNOK rate going from 11.80 to 11.45 a 3% strengthening for the NOK on the day, which continued over the week. This left EUR prices positive for the week at 7.45. Next week is a shorter week (3 days) which is having the effect of pushing up pricing offers. Despite some fish left over from last week, pricing is looking around 15 NOK higher at midday than last week at current offers. Pricing will be published later today.

As a comparison week 52 ’22 – last year – saw the price close at 86.78 a 7.5% rise that week, at a NOK rate at 10.54. NASDAQ 3-6 was 86.72 and the FP future for January 23 was showing 91.35.

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

  Market Data (Click Each to Expand)

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

Prices Ending 21st December, 2023

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