The London Fish Exchange

LFEX European Aquaculture Snapshot to 24th July, 2025

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The LFEX Norwegian Exporters Index for Week 30 2025 ended the week DOWN -3.40 NOK / -5.59% to stand at 57.39 NOK (in EUR terms 4.83 / -0.25 / -4.96%) FCA Oslo Week ending Thursday vs previous Thursday.

The NOK rate ended DOWN at 11.88 (-0.08 / -0.67%) to the Euro over the period Thursday to Thursday. The Fish Pool Euronext future August was reported DOWN Thursday to Thursday at 5.30 EUR, -0.49 / -8.46%) approximately 62.96 NOK, with Sept showing 5.55.

The Last Week

Difficult week last week. Pricing continued its fall on Friday down 1.92% from Thursday close down 1.7 NOK at 59.62 with a 7 NOK spread between 3-6s. Monday saw all prices lift by around a NOK which was uniformly half given back on Tuesday as the offer index hovered around the 60 level. The damage for the week was early with a large drop on Wednesday with an average below 57.5 and Thursday similar pricing while the index itself edged further lower. There was not much business going on at these levels at the end of the week.

FX rate opened at 11.83 a significant 1.1% drop on the day giving back some of the prior week gains and see-sawed through the week to finish at 11.88, over all lower but not the low of the week.

Spreads on the index have remained around the 6 NOK with 3-4s showing 54.5 average with indicative offers at 53.

Next Week

Indications this week see the index continuing to slide, opening indicative offered around the 54.5 NOK level Oslo FCA which is down around 3.0 NOK from Thursday closing levels. Pricing is down at the September 2021 levels with good production levels and soft demand from Europe taking its toll on pricing with both sides being cautious.

Spreads between 3/4s to 5/6s have come in a little to around 4 NOK.

EUR NOK FX rate is up from yesterday at 11.90 this afternoon. This would give an indicative Euro index price around 4.58 on offered levels later Friday.

Volumes – Fresh Export

Volume figure for week 29 (2025) was 24,412 tons up 6,295 as compared to 18,117 in 2024. Volumes for week 30 and week 31 (2024) were 21,986 and 22,624 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 31 2024 ended the week down -6.35%, -5.03 NOK to stand at 74.22 NOK (in EUR terms 6.23 / – 0.33 / -5.01%) FCA Oslo. The NOK rate ended 11.91 to the Euro. The Fish Pool future August was reported down – 2.70, -3.35% at 78.00 NOK.

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

Did You Know?

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By having a central focus point for a market, it is much easier to direct all communications into one channel which is secure, trusted and private. We know that companies often have to juggle 6 or 7 different solutions which becomes unworkable and unreliable as a process. LFEX chat is available 24/7 with all history accessible and auditable on web and mobile with alerts meaning you never miss that important message, order or price or conversation.

FAQ’s

Q. How do I know I’m getting the best price?

A. A good question. The best price might be described better as the right price, taking into account your volumes, delivery dates and specifications. The only clear way to achieve this is to have offers from as many companies as possible and co-ordinate this, to build up the price development picture and lastly to have a refence or benchmark price to provide guidance on the current market prices and activity. It’s called a market or an exchange and it is the only independent way you can secure and evidence the right price when you trade.