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LFEX European Aquaculture Snapshot to 24th March, 2022
Published: 25th March 2022
This Article was Written by: John Ersser
Prices for Week 12 continued the recent rising trend. The LFEX Norwegian Exporters index was up +4.33%. +3.58 NOK to stand at 86.25 NOK FCA Oslo Week ending Thursday vs previous Thursday price.
The NOK was considerably stronger again at 9.46 to the Euro versus 9.77 NOK over the period Thursday to Thursday, the low of the week. The Fish Pool future March gained +0.85 NOK to 83.35 NOK, +1.03% over the same period, with April showing 83.1.
The market gapped up on the Friday open +5.81 NOK or 7.03% better which proved to be the high for the week, and then fixed at just over 88 NOK (88.16, 88.17, 88.14) until Thursdays drop off to 86.25. The spread between 3’s and 6’s remained close at 1.3 NOK. Expectations for next week are broadly similar with pretty stable prices, maybe a little more volume and a strong NOK. Geopolitical events may of course come in to play, which could affect inflation and commodity price pressures.
David Nye’s analysis for a Technical viewpoint 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 24th March, 2022
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