The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 2nd November, 2023
The LFEX Norwegian Exporters Index for Week 44 2023 ended the week up +2.48%, +1.92 NOK to stand at 79.26 NOK (in EUR terms 6.68 / + 0.16 / + 2.40%) FCA Oslo Week ending Thursday vs previous Thursday.
The NOK rate ended flat at 11.87 to the Euro over the period Thursday to Thursday +0.01 NOK or +0.08%. The Fish Pool future November was reported down -1.50 NOK, -1.86% at 79.0 NOK.
The index price opened on the Friday at 76.57 NOK / – 1%, -0.77 NOK in-line with expectations for a flat start to a pretty flat pricing week. Monday saw the 77 level again, with Tuesday at 79.04 with slightly stronger prices on the 5/6s. Wednesday flat at 78.62 and the week closed out at 79.26, with 4/6s prices coalescing around the same 79.3 level. A stable week of activity which is expected to continue next week – week 45 with volumes, demand and FX rates stable. Current indications are at 78 / 78.75 / 79 levels for next week. Updated index pricing as usual will be published later today.
David Nye’s technical analysis report will be published on Monday.
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