The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 23rd November, 2023
The LFEX Norwegian Exporters Index for Week 47 2023 ended the week up +5.68%, +4.32 NOK to stand at 80.44 NOK (in EUR terms 6.88 / + 0.41 / + 0.68 %) FCA Oslo Week ending Thursday vs previous Thursday.
The NOK rate ended down at 11.69 to the Euro over the period Thursday to Thursday -0.08 NOK or -0.68%. The Fish Pool future November was reported up- +0.25 NOK, +0.32% at 77.75 NOK.
The index price opened on Friday at 79.03 NOK / +3.68 %, +2.91 NOK in-line with market indications. However, the drop off later in the week did not materialise ending on the ‘high’ of the week at 80.44. Trading was in a tight range this week 78.52 – 80.44, with Monday showing a small pull back (78.52) and Tuesday and Wednesday flat at 79.5. The numbers show flat but the overall upwards trend – albeit on a close scale was clear from the charts – click the chart link below to view. Poor Weather keeping prices stronger. Week 46 volumes were good at 24,833 vs 22,962 week 46 2022. Next week the weather is more benign which is good for harvesting. Less volume coming through. Early indications are slow at the moment but no great price expectations on current prognosis. Prices therefore up a little +2 / 3 NOK at the open around 82 NOK with early sales around this level. Updated index pricing as usual will be published later today.
David Nye’s technical analysis report will be published on Monday.
Market Data (Click Each to Expand)
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