The London Fish Exchange

LFEX European Aquaculture Snapshot to 7th February, 2025

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The LFEX Norwegian Exporters Index for Week 5 2025 ended the week up +1.36 NOK / +1.55% to stand at 89.03 NOK (in EUR terms 7.64 / +0.19 / +2.51%) FCA Oslo Week ending Thursday vs previous Thursday.

The NOK rate ended down -0.11 NOK / -0.94% at 11.65 to the Euro over the period Thursday to Thursday. The Fish Pool Euronext future March was reported down Thursday to Thursday – 1.10 EUR / -11.96% at 8.10 EUR which equates to approximately 94.36 NOK.

The Last Week

A very interesting trading week for the index this week. The market opened stronger as expected after last Thursday’s end of week lows at 90.11 NOK, +2.44 / 2.78% for the better, but buyers weren’t buying it. Monday was softer as a consequence, followed by a 3 NOK drop on Tuesday and a little more off on Wednesday at 86.08 and the low. Encouragement for sellers came in the form of a pop up in prices to 89.03 or +3 NOK on Thursday reflecting cancellations from storms in the north and most fish sold.

Total spreads between sizes have opened up again and sit at around 10 NOK on close. 3/4s to 4/5s around 4 NOK on Thursday pricing.

The EURNOK FX rate fell back over the week generally to close out at 11.65 giving a comparable Euro index price of 7.64 Euro.

Next Week

Early pricing indications from sellers for next week are coming around the 89.92 NOK level offered for the index, which puts us flat / up tiny from Thursdays close. Volumes seem set to be a little lower next week which could underpin pricing.

EUR NOK FX rate is off slightly at 11.63 this afternoon. This would give an indicative Euro index price around 7.73 on levels later Friday.

Volumes – Fresh Export

Volume figures for week 5 (2025) was 16,370 tons up 2,859 tons as compared to 13,511 in 2024. Volumes for week 6 and week 7 (2024) were 15,826 and 13,639 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 7 2024 ended the week up +0.24%, +0.26 NOK to stand at 109.46 NOK (in EUR terms 9.64) FCA Oslo. The NOK rate ended down at 11.36. The Fish Pool future February was reported up +0.10 NOK, +0.09% at 109.60 NOK.

David Nye’s technical analysis report will be published this Monday.

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