LFEX European Aquaculture Snapshot to 3rd August, 2023

John Ersser - The London Fish Exchange

Published: 4th August 2023

This Article was Written by: John Ersser

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The LFEX Norwegian Exporters Index for Week 31 2023 was down -4.43%, -3.68 NOK to stand at 79.36 NOK FCA Oslo Week ending Thursday vs previous Thursday.

The NOK rate was up at 11.26 to the Euro over the period Thursday to Thursday +0.12 NOK or +1.08%. The Fish Pool future August was reported lower at 73.5 NOK down -0.20 NOK or -0.27%.

The index price opened higher for week 31 trading last Friday at 83.35 NOK +0.31 NOK from the previous week as suggested, with smaller fish 2-4’s leading the small increase, while the 5/6s continued to fall. Pricing wise a gentle week of small declines each day at 82.68 for Monday through 80.82 Tuesday, 80.5 Wednesday and 79.36 for the weeks close. Spread continued to close ending around 8.5 NOK. Fresh volumes for week 30 were 19,604. Looking forward to next week and price formation is slow. More fish and summer holidays means downward pressure. Starting pricing is hard to gauge with a flatish start seeming likely at the moment, and weakness to follow, probably as most expect at this time of year – assuming no other news to impact pricing. 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 3rd August, 2023

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