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LFEX European Aquaculture Snapshot to 20th January, 2022
Market Insight – Europe
The market was down this week with the LFEX Norwegian Exporters prices -2.44% lower, -1.79 NOK at 71.7NOK FCA Oslo Week 3 ending Thursday vs previous Thursday price.
The NOK slightly softer against the Euro at 9.96 up +0.3% or +0.03 NOK Thursday to Thursday and the Fish Pool future January climbed +0.25 to 68.75 NOK or +0.36% over the same period.
The market opened up as expected on Friday at 73.98, +0.49 NOK better and pushed-on on Monday to 74.58, the high for the week, before retrenching back to 71.7 NOK or -3.85%. A mixed market with perceived pressure from Chilean algae problems, the Asian demand for bigger fish meaning spreads between 3/4’s and 5/6’s doubled from 3.7 NOK last week to 7.3 on Thursday and mixed demand keeping pricing in a balance.
Market Data (Click Each to Expand)
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