The London Fish Exchange

LFEX European Aquaculture Snapshot to 29th May, 2025

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The LFEX Norwegian Exporters Index for Week 22 2025 ended the week UP +1.04 NOK / +1.59% to stand at 66.46 NOK (in EUR terms 5.78 / +0.10 / +1.77%) FCA Oslo Week ending Wednesday vs previous Thursday.

The NOK rate ended DOWN at 11.50 (-0.02 / -0.17%) to the Euro over the period Thursday to Thursday. The Fish Pool Euronext future June was reported DOWN Thursday to Thursday -0.20 / -3.23% at 6.00 EUR, approximately 69.00 NOK with July showing 5.90 Eur.

The Last Week

A shorter trading week with Thursday closed for Ascension Day. Much of the ‘negative news’ for pricing had found its way through the market the previous week, but this was still playing out last Friday as pricing continued to soften, with 4-6s the same level. The week opened 1.19 NOK lower at 64.23 offered and failed to get any traction on Monday with the index at 64 NOK flat and the low of the week. Perhaps as a lead up to the shorter week Tuesday improved up 2 NOK at 66.46, and despite a different make-up in spread prices Wednesday came in at the same level and the close of the shorter week.

Spreads continued to be tight with little between spreads 0.3 / 0.4 at the close on Wednesday.

Next Week

Indications this week see the index opening around 67 NOK level as offered prices inch up very slightly from Wednesdays close. Pricing is looking more stable. A day of slaughtering was lost last week, but volumes remain strong.

EUR NOK FX rate is higher 0.05 at 11.55 this afternoon and trending off of the lows of last week. This would give an indicative Euro index price around 5.80 on levels later Friday.

Volumes – Fresh Export

Volume figure for week 21 (2025) was 20,466 tons up 7,899 as compared to 12,567 in 2024. Volumes for week 22 and week 23 (2024) were 15,060 and 16,605 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 23 2024 ended the week down -9.47%, -8.55 NOK to stand at 81.73 NOK (in EUR terms 7.11) FCA Oslo. The NOK rate ended up at 11.50. The Fish Pool future June was reported down – 15.50, -13.90% at 96.00 NOK.

David Nye’s technical analysis report will be published on Monday.

Did You Know?

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The system is set-up to be able to show all your offers or trades going through the system and allow multiple users in your company access to this information in real-time. This helps build a picture of sales / purchases and pricing across the business and facilitates teams work and optimisation of the selling / buying process, as well as giving logistics and finance real-time information. This data is private and only available to your organisation.

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