The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 13th October, 2022
The LFEX Norwegian Exporters Index week 41 was up +0.75%, +0.53 NOK to stand at 71.18 NOK FCA Oslo Week ending Thursday vs previous Thursday.
The NOK was down slightly over the week ending at 10.36 to the Euro over the period Thursday to Thursday -0.07 NOK or -0.67%. The Fish Pool future October was up +2.7 NOK at 70.2 NOK.
Predictions for last week were pretty much on the nose, with a jump up on Friday 2.6 NOK to 73.25 NOK or 3.68% as sellers pushed prices on rent tax and weather concerns. Monday was flat at 73.05 but Tuesday hit the peak at 74.07 NOK. Buyers were less keen at these levels which saw Wednesday back to 72.18 and further down on Thursday to 71.18 NOK for an overall positive pricing week but not by much. Very little sentiment for next week except sideways-ish. There were expectations that pricing would come off earlier last week than it did and therefore maybe some softness to follow, but mainly expectations are for similar pricing. Weekly volumes appear to have peaked of 27,882 in week 40. As usual we will see…
David Nye’s analysis for a Technical viewpoint will be published on Monday.
Market Data (Click Each to Expand)
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