The London Fish Exchange

LFEX European Aquaculture Snapshot to 17th October, 2025

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The LFEX Norwegian Exporters Index for Week 42 2025 ended the week UP +2.64 NOK / +3.74% to stand at 73.26 NOK (in EUR terms 6.25 / +0.17 / +2.85%) FCA Oslo Week ending Thursday vs previous Thursday.

The NOK rate ended UP at 11.73 (+0.10 / +0.86%) to the Euro over the period Thursday to Thursday. The Fish Pool Euronext future November was reported DOWN Thursday to Thursday at 6.20 EUR, (-0.10 / -1.59%) approximately 72.7 NOK.

The Last Week

As you were. The pricing trend this week was roughly the mirror opposite of last week. Which makes a nice smile on a chart. Friday opened up +0.73 NOK on the prior week at 71.35 – the prior Thursday being the low of the recent pattern at 70.62. Monday was pretty flat at 71.21, while Tuesday added a NOK at 72.16 followed by to half NOK rises 72.8 and 73.26 ending the week on the high, a level close to last year at this time (74.96). Traders found pricing a little challenging on Friday but actually there was good consistency at the indicated levels after the prior week falls.

FX rate was stronger this week, opening at 11.71 a pick-up from Thursday, and continued to peak at 11.79 before settling back to 11.73 on the Thursday.

Spreads on the index have remain around the 3 NOK between 3-4 and 5-6 evenly spread.

Next Week

Pricing for next week again looking stable. Prices are up small with early indications around the 75 NOK level for the index, with no major potential issues to report on Friday afternoon.

Spreads between 3/4s to 5/6s remain at / around the 3 NOK level currently.

EUR NOK FX rate is this afternoon around the 11.75, up 0.02 from Thursday, but it has been higher at 11.82 this morning and then dropped. This would give an indicative Euro index price around 6.38 on offered levels later Friday – an increase of 0.30 Euro versus this time last week.

Volumes – Fresh Export

Volume figure for week 41 (2025) was 26,112 tons UP 932 as compared to 25,180 in 2024 some 3.57 % HIGHER. Volumes for week 42 and week 43 (2024) were 25,561 and 24,910 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 43 2024 ended the week up +0.61 NOK / +0.81% to stand at 75.57 NOK (in EUR terms 6.40 / + 0.09 / +1.41%) FCA Oslo. The NOK rate ended lower at 11.805 to the Euro. The Fish Pool future October was 73.0 NOK with November showing 81 NOK.

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

Did You Know?

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