The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 2nd February, 2023
Published: 3rd February 2023
This Article was Written by: John Ersser
The LFEX Norwegian Exporters Index Week 5 2023 was down -2.01%, -1.79 NOK to stand at 87.42 NOK FCA Oslo Week ending Thursday vs previous Thursday.
The NOK rate progressed further over the week ending at 10.96 to the Euro over the period Thursday to Thursday +0.19 NOK or +1.76%. The Fish Pool future February was reported lower at 91.0 NOK down -1.9 NOK or -2.12%.
The market over the week registered a smallish fall, but there appears to me more to the story. Friday saw prices pushed up on open at 92.81, a jump up of +4% from the prior Thursday close and held up on Monday at 92.94. Prices started to soften mid-week, and Thursday was down to 87.42, a top to bottom drop of 6% over the week. It seems this week that without contracts and the spot market having bought what it needed, there wasn’t much demand left in the system at these levels, with sellers still having fish to sell at the end of the week. Is this weaker consumer demand starting to show through or just an anomalous week? No read on expectations going into Friday. As usual we shall see what the week brings.
Market Data (Click Each to Expand)
|LFEX Prices||FX Rates||LFEX Indicative Exporter Prices (4 Week)||EUR / NOK FX Rate (4 Week)|
Prices Ending 2nd February, 2023
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