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LFEX European Aquaculture Snapshot to 24th February, 2022
Published: 25th February 2022
This Article was Written by: John Ersser
Prices for Week 8 ended down. The LFEX Norwegian Exporters index was down -3.00%, -2.79 NOK at 90.25 NOK FCA Oslo Week 8 ending Thursday vs previous Thursday price.
The NOK was -0.39% stronger to the Euro -0.04 at 10.09 NOK over the period Thursday to Thursday. The Fish Pool future February climbed +2.90 to 84.15 NOK, +3.57% better over the same period, March showing 77.75.
Another week where prices opened stronger, up 2.45 NOK or 2.63% on the previous Thursday price, which was pushed on to 96.36 on Monday and the high. Tuesday saw 92.72 and Wednesday 94.69, but Thursday saw prices drop to 90.28 NOK around -5%. Geopolitical reasons were behind the drop with all Ukraine orders cancelled with immediate effect, with this fish redeployed in other markets. Week 9 is a typical winter vacation week with not many people around. Price expectations probably to remain high. See David Nye’s analysis for a Technical viewpoint.
Market Data (Click Each to Expand)
|LFEX Prices||FX Rates||LFEX Indicative Exporter Prices (4 Week)||EUR / NOK FX Rate (4 Week)|
Prices Ending 24th February, 2022
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