LFEX European Aquaculture Snapshot to 30th March, 2023

John Ersser - The London Fish Exchange

Published: 31st March 2023

This Article was Written by: John Ersser

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The LFEX Norwegian Exporters Index Week 13 2023 was down -4.38%, -5.07 NOK to stand at 110.76 NOK FCA Oslo Week ending Thursday vs previous Thursday.

The NOK rate was up at 11.34 to the Euro over the period Thursday to Thursday +0.04 NOK or -0.35%. The Fish Pool future March was reported lower at 122.3 NOK down -0.7 NOK or -0.57% with April showing 110.

Pricing found a balance this week, after opening at 116.16, pretty flat from lasts weeks close as expected. Apart from a small downward trend over the week from 116.22 Monday to 115.26 Wednesday the main trading days price movement remained uneventful until Thursday which posted the weeks drop. This is usually a sign of unsold fish. Next week is the short 3-day trading Easter week which generally puts upwards pricing pressure as buyers chase stock – however – it seems that demand is slow and it is difficult to get the overall picture. High prices have dented buyer appetite and there isn’t an expectation of a pronounced price rise in this year’s Easter run up. Absent any other news, maybe prices to come up a little on Thursday’s levels. 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 30th March, 2023

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