The London Fish Exchange

LFEX European Aquaculture Snapshot to 2nd January, 2026

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The LFEX Norwegian Exporters Index for Week 1 2026 ended the week DOWN -3.73 NOK / -3.72% to stand at 96.43 NOK (in EUR terms 8.14 / -0.31 / -3.64%) FCA Oslo Week ending Wed 31 December measured from 23rd December.

The NOK rate ended DOWN at 11.84 (-0.01 / -0.08%) to the Euro over the same period. The Fish Pool Euronext future February was reported FLAT at 8.32 EUR same period for comparison. March showing 8.52.

The Last Week

After the large pre-Christmas jump on the 19th December to 112.18 prices have naturally fallen back. With few trading days over Christmas and leading into the new year break the index fell back to the 100 NOK offered level on the 23rd and continued to fall this week. Offered prices have sat around the 97 NOK level this week, closing at 96.43 on New Years eve, in thin trading and small volumes.

FX rate remained flat this week, off of the pre-Christmas highs with the rate moving around the 11.85 mark and closing at 11.84.

Spreads widened massively this week and sit around 12 NOK, the biggest gap between 4/5s and 5/6s at 8 NOK.

Next Week

Early indications showing prices around the 95 NOK level for the index as we head into the new week. That puts us down small (-1.25 NOK) from Week 1 close.

Spreads have reduced substantially between 3/4s to 5/6s to nearer 5 NOK between these weight classes.

The EUR NOK FX rate is this afternoon around the 11.79 level down 0.05 since yesterday. This would give an indicative Euro index price around 8.06 EURO on offered levels Friday.

We wish everyone a very happy, healthy and successful 2026.

Volumes – Fresh Export

Volume figure for week 52 (2025) was 12,527 tons UP 3393 tons as compared to 9,134 in 2024 some 37.15 % HIGHER. Volumes for week 1 and week 2 (2025) 11,364 and 15,939 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 2 2025 ended the week down -26.79 NOK / -19.66% to stand at 109.51 NOK (in EUR terms 9.32) FCA Oslo. The NOK rate ended up +0.02 NOK /+0.17% at 11.75. The Fish Pool Euronext future February was reported at 9.60 EUR.

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

Did You Know?

You can let different people from your company use the platform and share information?

The system is set-up to be able to show all your offers or trades going through the system and allow multiple users in your company access to this information in real-time. This helps build a picture of sales / purchases and pricing across the business and facilitates teams work and optimisation of the selling / buying process, as well as giving logistics and finance real-time information. This data is private and only available to your organisation.

FAQ’s

Q. How do electronic markets work?

A. Electronic platforms perform many roles for markets and market participants.

By bringing a community together you get a much better view of available inventory (liquidity), access to more participants, more opportunity for price discovery, ability to track market pricing electronically in real-time, pre-trade checking and secure and robust confirmations between parties. They throw off mountains of data that can be used to analyse pricing, trading patterns, counterparty performance etc.

Further, they can provide a single point of connectivity for settlement and documentation and an independent and verified record of truth. They provide huge efficiencies in process, less errors, automation of orders / trading / settlement processes. They give participants the ability to access the right price for any given market condition, and free up staff time to focus on optimising business and relationships especially in times of stress.