The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 26th May, 2022
A quieter week with a harvesting / trading day holiday in week 21. The LFEX Norwegian Exporters index was up +2.04%, +2.13 NOK to stand at 106.54 NOK FCA Oslo Week ending Wednesday vs previous Thursday.
The NOK was slightly stronger at 10.24 to the Euro over the period Thursday to Thursday -0.08 or 0.78% stronger. The Fish Pool future May gained +2.0 NOK to 107.00, +1.9% over the same period. With June showing 99.5 NOK.
Another shorter trading week with a holiday on the Thursday making price considerations for next week difficult. Low volumes in the prior week spilled over to this and the market opened on Friday 105.52, or just over 1% to the stronger. Monday saw a small increase but over all a fairly flat week finishing Wednesday at 106.54. Spreads 3-6 around 6.5 NOK. At the higher prices buyers have been using frozen inventory and appetite has been lower as have available volumes with fish held back to grow. The 3rd and 4th quarters generally see lower prices as volumes start to come through. Scottish salmon has been coming through cheaper and Chile is two weeks off of record highs with D Trim Miami showing $7.17. We’ll see.
David Nye’s analysis for a Technical viewpoint will be published on Monday.
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