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LFEX European Aquaculture Snapshot to 2nd June, 2022
Published: 3rd June 2022
This Article was Written by: John Ersser
A full trading week this week. The LFEX Norwegian Exporters index was down – 6.18%, -6.58 NOK to stand at 99.96 NOK FCA Oslo Week ending Thursday vs previous Wednesday.
The NOK was slightly stronger at 10.12 to the Euro over the period Thursday to Thursday -0.12 or 1.17% stronger. The Fish Pool future June lost – 0.5 NOK to 99.00, -0.5% over the same period.
Although a full week, there was no trading on Thursday and prices gapped down from 106.54 NOK, -6.73% on the previous Wednesday to 99.82 NOK on Friday. This seemingly created a flat week to Thursday 2nd March close at 99.96, but the truth was prices climbed to a peak on Wednesday at 103.8 before falling off Thursday. Rumours of a larger volume being outed early in the week at lower prices pushed things lower, before drifting up. Next week Monday is another holiday. Harvesting levels remain low, but demand is also demonstrably lower than the same period last year, expectation that prices will come under a little pressure in week 23. Eyes are on week 24 where more volumes are expected to come through and pricing has shown itself to be sensitive to increases in volume. Chile ‘D’ Trim Miami showing $7.17. We’ll see.
David Nye’s analysis for a Technical viewpoint will be published on Monday.
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 June, 2022
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Did You Know?
The Queen of England has been monarch since 1952 and celebrates her Platinum Jubilee this weekend.
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