The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 23rd June, 2022
The LFEX Norwegian Exporters index was down -3.21%, -3.40 NOK to stand at 102.63 NOK FCA Oslo Week ending Thursday vs previous Thursday.
The NOK was overall flat at 10.48 to the Euro over the period Thursday to Thursday +0.02 or 0.19%. The Fish Pool future June was no change at 104.0 NOK July showing 88.8 NOK.
Trend wise this week was a repeat of last weeks’ pattern, and although prices ended up down for the week there was significant intra week volatility. Friday pricing saw an increase over the previous week to 108.7 NOK from the 106.3 NOK close, or over 2.2%. Prices ticking up to the week high of 109.97 NOK on Monday, or over 3.4% from the previous week. Prices then slid back to finish at 102.63 – a 6.6% drop. There was some availability this week and demand remaining flat. Cheaper Scottish fish into Europe was also a factor. Views of a gradual warming will produce more fish with a flat to slow softening of pricing over the short to medium term, but prices to remain historically high and demand fairly flat at these levels. As the holiday season approaches a lot bigger volumes aren’t expected.
David Nye’s analysis for a Technical viewpoint will be published on Monday.
Market Data (Click Each to Expand)
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