The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 3rd March, 2022
Prices for Week 9 ended down. The LFEX Norwegian Exporters index was down -5.51%, -4.88 NOK at 85.37 NOK FCA Oslo Week 9 ending Thursday vs previous Thursday price.
The NOK was -2.28% stronger to the Euro -0.23 at 9.86 NOK over the period Thursday to Thursday. However, the Fish Pool future March climbed +3.75 to 81.50 NOK, +4.82% stronger over the same period.
Prices opened 1.1% lower on the prior week at 89.2 NOK, remained relatively flat before drifting down 2.6 NOK on Thursday. The spread between 3’s and 6’s however gapped to 6.82 NOK on Tuesday 84.99 versus 91.81. Vacation week and the Ukraine crisis provide the back-drop for the week. There aren’t expectation of an increased harvest next week which could mean prices are relatively static, however there is a sense that there are less buyers around at these historically high levels. David Nye’s analysis for a Technical viewpoint will be published on Monday.
Market Data (Click Each to Expand)
Did You Know?
Provenance and specifications documentation are supported order by order?
As provenance and certifications become more important to buyers, it is imperative that the supporting documentation can be made available down to the individual order/trade level. The system supports Fish CV’s, certification documentation and detailed product specifications to ensure that you have all the required documentation and can evidence these materials for counterparty auditing, internal reporting and third-party auditing – all instantly available within your organisation.
Q. I have specific provenance and quality levels – can you help?
A. The platform creates a 1 to 1 transactional relationship, and you therefore know exactly who you are trading with. Buyers can define a huge range of specifications on the system from quality levels e.g. premium / grade 1 / Industrials, and certifications where the system supports any number of definitions including ASC, MSC, G-GAP, Kosher, BAP, BRC etc to ensure that you can clearly define your own very specific purchasing needs, and the evidential documentation to support this.