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LFEX European Aquaculture Snapshot to 20th January, 2023
Published: 20th January 2023
This Article was Written by: John Ersser
The LFEX Norwegian Exporters Index Week 3 2023 was down -13.80 %, -13.48 NOK to stand at 84.19 NOK FCA Oslo Week ending Thursday vs previous Thursday.
The NOK rate ended up over the week ending at 10.74 to the Euro over the period Thursday to Thursday -0.02 NOK or -0.19%. The Fish Pool future January was reported lower at 91.5 NOK down -1.9 NOK or +2.03%.
The market saw a significant pull back this week with the demand for Chinese New Year out of the way. Sellers managed to hold prices for the open of the week as prices opened flat at 97.67 and the hope of strong prices kept the market to 96.17 on Monday. However, it was not to be the sellers week as price tumbled on lack of demand on Tuesday, a further drop on Wednesday with the rout finishing at 84.19 NOK. Next week the sentiment is around the 8 Euro level as the tipping point for buyers. Higher than this and buyers can secure frozen inventory. As usual we shall see.
David Nye’s technical analysis report will be out on Monday.
Market Data (Click Each to Expand)
|LFEX Prices||FX Rates||LFEX Indicative Exporter Prices (4 Week)||EUR / NOK FX Rate (4 Week)|
Prices Ending 20th January, 2023
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