The London Fish Exchange

LFEX European Aquaculture Snapshot to 25th September, 2026

---

The LFEX Norwegian Exporters Index for Week 39 2026 ended the week UP +3.36 NOK /+ 5.04% to stand at 70.00 NOK (in EUR terms 6.48 / +0.32 / +5.24%) FCA Oslo Week ending Thursday to Thursday.

The NOK rate ended DOWN at 10.80 (-0.02 / -0.18%) to the Euro to yesterday Thursday. The Fish Pool Euronext future October was reported FLAT at 6.15 EUR (+0.00% / +0.00) for the same period with November showing 6.45.

The Last Week

Up and flat. Offered prices opened up last Friday at 69.57 an increase of 3.36 NOK / +4.40% over last weeks close (66.64), and this was the low of the week. The market ticked up very small Monday, Tuesday and Wednesday with a peak at 70.13 and closed out flat at 70 as prices held.

The FX rate trended sideways overall at around the 10.80 levels peaking at 10.84 on Monday and a low which it bounced off of yesterday at 10.76 levels.

Spreads on 3-6s widened to around 8 NOK during the week as the gap between 3-4s / 4-5s sat around 2 NOK and 6 NOK to the 5-6s increased. By Thursday the spread was up to nearly 9 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 70.9 NOK Friday offered levels for the index – so up just under a NOK from yesterday. Good volumes coming through and large fish get a premium.

Spreads are around the 9 NOK level between 3-6’s as the abundance of smaller fish remain cheaper and 5-6s remain gapped higher.

The EUR NOK FX rate this afternoon is moving around the 10.835 levels so up a little from yesterday. This makes the offered price in Euro’s around 6.54 FCA Oslo this afternoon.

Volumes – Fresh Export Whole Salmon

Volume figure for week 37 (2026) was 31,087 as compared to 24,495 for the same week last year UP
6,592 tons some 26.91% HIGHER. Volumes for whole salmon weeks 39 and 40 (2025) were 23,396 and 24,009 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 40 2025 ended the week DOWN -3.96 NOK / -5.14% to stand at 73.04 NOK (in EUR terms 6.26 / -0.33 / -4.98%) FCA Oslo. The NOK rate ended DOWN at 11.67 (-0.02 / -0.17%) to the Euro. The Fish Pool Euronext future November was reported flat Thursday to Thursday at 6.45 EUR, (+0.00/ 0.00%) approximately 75.27 NOK.

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

Did You Know?

You can let different people from your company use the platform and share information?

The system is set-up to be able to show all your offers or trades going through the system and allow multiple users in your company access to this information in real-time. This helps build a picture of sales / purchases and pricing across the business and facilitates teams work and optimisation of the selling / buying process, as well as giving logistics and finance real-time information. This data is private and only available to your organisation.

FAQ’s

Q. How do electronic markets work?

A. Electronic platforms perform many roles for markets and market participants.

By bringing a community together you get a much better view of available inventory (liquidity), access to more participants, more opportunity for price discovery, ability to track market pricing electronically in real-time, pre-trade checking and secure and robust confirmations between parties. They throw off mountains of data that can be used to analyse pricing, trading patterns, counterparty performance etc.

Further, they can provide a single point of connectivity for settlement and documentation and an independent and verified record of truth. They provide huge efficiencies in process, less errors, automation of orders / trading / settlement processes. They give participants the ability to access the right price for any given market condition, and free up staff time to focus on optimising business and relationships especially in times of stress.