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LFEX European Aquaculture Snapshot to 28th July, 2022
The LFEX Norwegian Exporters Index week 30 was down -3.06%, -2.28 NOK to stand at 72.25 NOK FCA Oslo Week ending Thursday vs previous Thursday.
The NOK was strong ending at 9.88 to the Euro over the period Thursday to Thursday -0.29 NOK or 2.85%. The Fish Pool future July down -3.80 NOK at 84.95 NOK with August showing 73.25.
Prices for the week were pretty stable with an overall fall of -3.06%. The market dropped -2.98% on the Friday to 72.31 and remained pretty much flat for the rest of the week. Wednesday saw the bottom at 71.58 NOK with cheaper fish going through, while Thursday saw a slight pick-up in prices. The overall fall was matched in percentage terms by a similar strengthening in the EURNOK rate leaving sellers relatively flat (albeit the FX rate dropped across the week). Next week there are more volumes coming through and holiday periods in Europe, however, the feeling generally is for stability in pricing, with maybe a drop later depending on volumes available. Fresh volumes in week 29 were 18,927 tons. As usual, we will see…
David Nye’s analysis for a Technical viewpoint will be published on Monday.
Market Data (Click Each to Expand)
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