The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 30th March, 2023
The LFEX Norwegian Exporters Index Week 13 2023 was down -4.38%, -5.07 NOK to stand at 110.76 NOK FCA Oslo Week ending Thursday vs previous Thursday.
The NOK rate was up at 11.34 to the Euro over the period Thursday to Thursday +0.04 NOK or -0.35%. The Fish Pool future March was reported lower at 122.3 NOK down -0.7 NOK or -0.57% with April showing 110.
Pricing found a balance this week, after opening at 116.16, pretty flat from lasts weeks close as expected. Apart from a small downward trend over the week from 116.22 Monday to 115.26 Wednesday the main trading days price movement remained uneventful until Thursday which posted the weeks drop. This is usually a sign of unsold fish. Next week is the short 3-day trading Easter week which generally puts upwards pricing pressure as buyers chase stock – however – it seems that demand is slow and it is difficult to get the overall picture. High prices have dented buyer appetite and there isn’t an expectation of a pronounced price rise in this year’s Easter run up. Absent any other news, maybe prices to come up a little on Thursday’s levels. We shall see.
David Nye’s technical analysis report will be published on Monday.
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