LFEX European Aquaculture Snapshot to 31st March, 2022

John Ersser - The London Fish Exchange

Published: 1st April 2022

This Article was Written by: John Ersser

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Prices for Week 13 made steady strong progress upwards. The LFEX Norwegian Exporters index was up +5.74%, +4.95 NOK to stand at 91.20 NOK FCA Oslo Week ending Thursday vs previous Thursday price.

The NOK gave back this week at 9.69 to the Euro over the period Thursday to Thursday +0.22 or 2.37% weaker. The Fish Pool future April gained +3.90 NOK to 87.00, +4.69% over the same period.

The markets opened pretty level as expected at 86.95 versus 86.22, and then consistently rose over the week – 88.14, 89.70, 90.81 to end 91.2. The spread between 3’s and 6’s increased to around 2.2 NOK. Expectations for next week are possible price hikes, and maybe towards the 11 Euro level (100 NOK+) based on lack of fish, with harvest volumes broadly similar to this week – we’ll see. Colder temperatures have meant less fish growth for some farmers which also adds to the picture.

David Nye’s analysis for a Technical viewpoint 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 31st March, 2022

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