LFEX European Aquaculture Snapshot to 21st June, 2024

John Ersser - The London Fish Exchange

Published: 21st June 2024

This Article was Written by: John Ersser


The LFEX Norwegian Exporters Index for Week 25 2024 ended the week down -3.33%, -2.71 NOK to stand at 78.71 NOK (in EUR terms 6.97 / – 0.16 / -2.22%) FCA Oslo Week ending Thursday vs previous Thursday.

The NOK rate ended down at 11.30 to the Euro over the period Thursday to Thursday -0.13-NOK or -0.1.14%. The Fish Pool future June was reported down – 1.50, -1.79% at 82.5 NOK.

Pricing is finding a stability at around the current market levels as compared the the large drops recently. We noted a pick-up on prices last Friday, as the index edged higher on the slight upward momentum from the previous week. The debate was around more volumes, less production fish, more large size fish coming through and where the appetite lay with the buyers. Sellers looking for 80+, buyers nearer 78. In a sense both sides won in the end this week. Friday opened at 82.28 NOK and held for Monday at 82.9, before weakness crept in, dropping 3 NOK on Tuesday and continuing to soften Wednesday 79.29 and closing at 78.71 as sellers sold off inventory. Spreads between 3-4 and 5-6 less than 3 NOK and 6’s same as 5s.

For next week the picture is quite confused. However, we see the index kicking off lower around the 76 NOK level. Consensus is for the market to open lower as people try and understand where the market is vis a vis volumes and appetite.


Volume figures for week 24 (2024) were 16,797 tons. Volumes in the same week ’23 and ’22 were 17,359 and 15,317 respectively. Week 25 in 23 was 16,792 and finally week 26 (coming week) was 17,238 in 2023 to give some comparison guidance.

Historical Price Guidance

A year ago, Week 26 2023 prices ended up 6.82 NOK on the week at 96.18 NOK a rise of 7.63%. The EURNOK rate was higher at 11.75 – there was demand from Asia for bigger fish and prices gapped, along with buying demand pushing pricing higher in the week.

David Nye’s technical analysis report will be published 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 21st June, 2024

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