The London Fish Exchange

LFEX European Aquaculture Snapshot to 6th November, 2026

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The LFEX Norwegian Exporters Index for Week 45 2026 ended the week DOWN -0.38 NOK /- 0.56% to stand at 67.85 NOK (in EUR terms 6.50 / -0.11 / -1.60%) FCA Oslo Week ending Thursday to Thursday.

The NOK rate ended UP at 10.44 (+0.11 / +1.06%) to the Euro to yesterday Thursday. The Fish Pool Euronext future December was reported DOWN at 6.80 EUR (-1.88% / -0.13) for the same period with January showing 8.08.

The Last Week

A flat week. After the prior week’s drop off on the Thursday offered prices opened marginally up last Friday at 68.45 an increase of 0.22 NOK / +0.32% over last weeks close (68.23) with spreads compressed to under 2 NOK. There wasn’t much price excitement this week. Monday flat, Tuesday and Wednesday off small (0.50 NOK each), to bottom at 67.48 and a close out at 67.85.
The FX rate rebounded this week and breaking the downward trend from 30th June where is had peaked at 11.338. The week bottomed at 10.26 on the 30th November and had rebounded to the 10.44 level by Thursday. A huge week for markets after the US midterms saw oil prices tumble most of the week and capitulation in the AI trade.
Spreads on 3-6s slightly tight on Friday at less the 2.0 NOK and across the week is averaged around 2.2 NOK. Again, reflecting a little variance in what was a tightish spread market.

Next Week

Indications for the index for next week are coming in at around 68.9 NOK Friday offered levels – so approximately where we left off at yesterday’s close/ smidge higher.

Spreads are around 2.20 NOK level between 3-6’s as the market finds its levels today in a tight market.

The EUR NOK FX rate this afternoon has continued its move up, showing around the 10.52 levels as the week’s trend continues. This makes the offered price in Euro’s around 6.55 FCA Oslo this afternoon.

Volumes – Fresh Export Whole Salmon

Volume figure for week 44 (2026) was 28,444 as compared to 24,875 for the same week last year UP
3,569 tons some 14.35% HIGHER. Volumes for whole salmon weeks 45 and 46 (2025) were 24,111 and 23,488 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 46 2025 ended the week UP +5.6 NOK / +7.24% to stand at 82.92 NOK (in EUR terms 7.11 / +0.51 / +7.70%) FCA Oslo. The NOK rate ended DOWN at 11.67 (-0.05 / -0.43%) to the Euro. The Fish Pool Euronext future December was reported FLAT again Thursday to Thursday at 6.87 EUR, (0.00 / +0.00%).

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

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FAQ’s

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