The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 10th March, 2022
Prices for Week 10 continued the downward trend. The LFEX Norwegian Exporters index was down -5.28%, -4.51 NOK at 80.86 NOK FCA Oslo Week ending Thursday vs previous Thursday price.
The NOK was pretty much flat at 9.89 to the Euro versus 9.86 NOK over the period Thursday to Thursday, having dipped as low as 9.77 on oil strength intra week. The Fish Pool future March climbed +2.00 to 83.50 NOK, +2.45% stronger over the same period.
Prices opened pretty flat from last weeks close as anticipated (85.77 versus 85.37) and proceeded to fall during the week to end on the low of 80.86 NOK. The spread between 3’s and 6’s reducing to 3.62 NOK. The market has lost 16% since the high of 21st February. The expectation is for further falls next week, with support being found at levels where more buyers are prepared to come back in. Bigger fish are more resilient due to Far Eastern demand. David Nye’s analysis for a Technical viewpoint will be published on Monday.
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