The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 16th June, 2022
The LFEX Norwegian Exporters index was down -0.7%, -0.75 NOK to stand at 106.03 NOK FCA Oslo Week ending Thursday vs previous Thursday.
The NOK was weaker at 10.46 to the Euro over the period Thursday to Thursday +0.29 or 2.85%. The Fish Pool future June made +2.50 NOK to 104.0, +2.46% over the same period.
Over all the prices ended up stable for the week, although this does not account for the intra week volatility. Friday pricing saw an increase over the previous week to 108.12 NOK from the 106.78 NOK close, with prices ticking up to the week high of 111.57 NOK on Monday, or over 4% from the previous week. Prices then slid back to finish on at 106.03. There was some more availability this week, reports of early week fish still available in Oslo at lower prices and Poland was off on Thursday. A lot of volatility and a big spread between offers. Next week views range between prices falling back, to stable early in week on steady volumes with maybe a downward tendency later and a similar pattern to this week. If very hot weather in Europe comes through this might stifle demand a little.… we’ll see.
David Nye’s analysis for a Technical viewpoint will be published on Monday.
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