The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 28th April, 2022
The market kept climbing again this week to new record highs. The LFEX Norwegian Exporters index week 17 was up +8.69%, +10.27NOK to stand at 128.5NOK FCA Oslo Week ending Thursday vs previous Thursday price.
The NOK weakened a little at 9.89 to the Euro over the period Thursday to Thursday +0.31or 3.28% weaker. The Fish Pool future April gained +7.50 NOK to 112.50, +7.14% over the same period.
Another record week opening at 127.46 NOK showing a jump of 9.23 NOK versus 118.23 NOK +7.81% against last weeks close. Pricing moved up to peak at 130.44 breaching the 130 level for the LFEX index for the first time before coming back slightly at the end of the week at 128.5 NOK. Same story of lack of fish pushing up pricing. Sea temperatures remain cool and fish aren’t feeding which means reduced growth. The sense is that next week will remain similar to this given not much has changed. Prices tend to slip in spring but warmer temperatures are needed to promote fish growth.
David Nye’s analysis for a Technical viewpoint will be published on Monday.
Market Data (Click Each to Expand)
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