The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 29th December, 2022
The LFEX Norwegian Exporters Index Week 52 was up +7.56 %, +6.10 NOK to stand at 86.78 NOK FCA Oslo Week ending Thursday vs previous Thursday.
The NOK rate ended up over the week ending at 10.54 to the Euro over the period Thursday to Thursday +0.15 NOK or +1.44%. The Fish Pool future December was reported up slightly +1.50 NOK at 79.0 NOK with Jan 23 no change at 91.35.
The squeeze on fish continued as expected in the Christmas / New Year week. Prices were expected higher on the Friday and were pushed up 9.2 NOK or +11.4% for the weeks open. This was the peak of a shorter trading week with Monday closed and prices gently reducing Tuesday through to Thursday 88.08 NOK down to 86.78 NOK but still a large overall rise. Spreads between 3-4’s and 5-6’s opened to a huge near 15 NOK on the Friday with bigger fish showing 98 NOK, the spread came in to 9 NOK over the week, but yesterday was showing a diversion of bigger fish higher again, with 3-5’s dropping. There is no clear direction for next week.…We wish everyone as happy, healthy and successful 2023.
David Nye’s technical analysis report will be out on Tuesday.
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