The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 16th November, 2023
The LFEX Norwegian Exporters Index for Week 46 2023 ended the week up +0.41%, +0.31 NOK to stand at 76.12 NOK (in EUR terms 6.47 / + 0.12 / + 1.86 %) FCA Oslo Week ending Thursday vs previous Thursday.
The NOK rate ended down at 11.86 to the Euro over the period Thursday to Thursday -0.17 NOK or -1.42%. The Fish Pool future November was reported down -0.50 NOK, -0.64% at 77.5 NOK.
The index price opened on the Friday at 76.7 NOK / – 1.16 %, +0.89 NOK close to the flat expectations that had been telegraphed. The week progressed with a flat / slight strengthening pricing 77.15/77/51/77.52 through Wednesday the high, before a small drop on Thursday to finish in the week low at 76.12. A small appreciation in the NOK, for once, brough Euro prices up 1.86% on the week. A pretty flat and quiet week, with the market currently in a balance.
Next week early indications are slow and hard to come by. Early thoughts around a stable price / to up small +2 / 3 NOK at the open around 79 NOK. A little less volume available next week and some potential of Christmas promotions from week 48 will take some of the volume, again supporting pricing. Updated index pricing as usual will be published later today.
David Nye’s technical analysis report will be published on Monday.
Market Data (Click Each to Expand)
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