The London Fish Exchange

LFEX European Aquaculture Snapshot to 22nd May, 2025

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The LFEX Norwegian Exporters Index for Week 21 2025 ended the week DOWN -11.75 NOK / -15.23% to stand at 65.42 NOK (in EUR terms 5.68 / -0.93 / -14.12%) FCA Oslo Week ending Thursday vs previous Thursday.

The NOK rate ended DOWN at 11.52 to the Euro over the period Thursday to Thursday. The Fish Pool Euronext future June was reported DOWN Thursday to Thursday -0.20 / -3.13% at 6.20 EUR, approximately 71.42 NOK.

The Last Week

Another difficult week for pricing with a huge swing lower as the week progressed. The index opened offered on Friday at 74.84 off 3% although not much confidence in the pricing, and Monday also held up at the 74 NOK level. Volatility was kicking in by Tuesday as prices started their southwards trajectory at just under 72 offered. While we found the index at 68.07 offered on Wednesday there ]was significant weakness, and the tumble continued into Thursday closing out at just over 65 levels. Poor demand, lots of fish and buyers wanting cheaper pricing.

Spreads compressed to nothing at the close as sellers managed their inventory as best they could with not much transparency.

Next Week

Indications this week see the index opening around 64 NOK level as offered prices come further from Thursday. A now familiar story for 2025 where there is a lot of good qualify volume coming through that needs to find a home, and this is creating tension where each side has a view on how low it should go. Reports of lots of big fish, a continuing algae problem continues to add to the pressure and President Trump announcing further tariff intentions against the EU to add a little external volatility to the mix.

EUR NOK FX rate is off 0.05 at 11.47 this afternoon. This would give an indicative Euro index price around 5.58 on levels later Friday.

Volumes – Fresh Export

Volume figure for week 20 (2025) was 19,523 tons up 7,825 as compared to 11,698 in 2024. Volumes for week 21 and week 22 (2024) were 12,567 and 15,060 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 22 2024 ended the week down -24.46%, -29.23 NOK to stand at 90.28 NOK (in EUR terms 7.91) FCA Oslo. The NOK rate ended down at 11.41. The Fish Pool future May was reported down – 3.00, -2.39% at 122.50 NOK.

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

Did You Know?

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FAQ’s

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