The London Fish Exchange

LFEX European Aquaculture Snapshot to 28th August, 2026

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The LFEX Norwegian Exporters Index for Week 35 2026 ended the week DOWN -1.80 NOK /- 2.63% to stand at 66.71 NOK (in EUR terms 6.14 / -0.14 / -2.27%) FCA Oslo Week ending Thursday to Thursday.

The NOK rate ended DOWN at 10.87 (-0.04 / -0.37%) to the Euro to yesterday Thursday. The Fish Pool Euronext future September was reported DOWN at 6.15 EUR (-0.81% / -0.05) for the same period with October showing 6.12.

The Last Week

Another softer week. Offered prices opened down last Friday at 67.60 a fall of 0.91 NOK / -1.33% over last weeks close (68.51), and this was the high of the week. Again, no significant volatility as prices eased at the back end. Monday and Tuesday were level with the index at 67.17, a further small drop off to the low on Wednesday at 66.55 and the week closed out fractionally higher at 66.71 and another falling week of large summer volumes.

The FX rate dropped last Friday to 10.85 and traded in a range between 10.85 and 10.91 during the week trending upwards until Thursday where we found the peak of the week and the rate has since dropped sharply back to 10.87 by 14.00 on Thursday.

Spreads on 3-6s tightened and were around 2.5 NOK by the end of the week with the larger fish trading at a smaller premium.

Next Week

Indications for next week are coming in at around 65 NOK Friday offered levels for the index – some 2.5 NOK lower than this time last week and a further 1.5 NOK lower than yesterday. Unsold fish from last week and good summer volumes coming through.

Spreads are around the 2.5 NOK level between 3-6’s matching yesterday. About a 1.25 NOK between the 3/4s and 4/5s with the larger fish 5/6s again 1.25 NOK so evenly spread.

The EUR NOK FX rate this afternoon is around the 10.86 levels up from earlier lows of 10.84. This makes the offered price in Euro’s around 5.985 FCA Oslo this afternoon.

Volumes – Fresh Export Whole Salmon

Volume figure for week 34 (2026) was 31,378 as compared to 28,180 for the same week last year UP 3,198 tons some 11.35% HIGHER. Including filets over 43,000 tons of fresh salmon were exported in week 34. Volumes for whole salmon weeks 35 and 36 (2025) were 27,726 and 26,744 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 36 2025 ended the week UP +3.98 NOK / +6.12% to stand at 69.04 NOK (in EUR terms 5.88 / +0.34 / +6.21%) FCA Oslo. The NOK rate ended DOWN at 11.75 (-0.01 / -0.09%) to the Euro. The Fish Pool Euronext future October was reported UP Thursday to Thursday at 5.350 EUR, (+0.15 / 2.88%) approximately 62.86 NOK.

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

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