The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 5th April, 2023
The LFEX Norwegian Exporters Index for the short Week 14 2023 was up +8.96%, +9.92 NOK to stand at 120.68 NOK FCA Oslo Week ending Wednesday vs previous Thursday.
The NOK rate was up at 11.39 to the Euro over the period Thursday to Thursday +0.05 NOK or +0.44%. The Fish Pool future April was reported lower at 108.0 NOK down -2.0 NOK or -1.82%.
Pricing came up after the Thursday lows of the previous week, opening at 115.65, up 4.89 NOK or 4.41% which represented the average pricing found the week before. A short pre-Easter week and traders weren’t quite sure how it would play out. Monday as a consequence saw a softening in pricing to 113.5 NOK, but Tuesday and Wednesday found their pricing mojo popping to the 120 levels where the week finished. Long weekend in the middle and predictions for next week are difficult, but given current production levels we could see current prices being maintained, maybe even edge up a little. We shall see.
David Nye’s technical analysis report will be published later today (Tuesday, 11th).
Market Data (Click Each to Expand)
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