The London Fish Exchange

LFEX European Aquaculture Snapshot to 6th February, 2026

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The LFEX Norwegian Exporters Index for Week 6 2026 ended the week UP +14.63 NOK / +17.43% to stand at 98.57 NOK (in EUR terms 8.59 / +1.23 / +16.71%) FCA Oslo Week ending Thursday to Thursday (yesterday).

The NOK rate ended UP at 11.48 (+0.07 / +0.61%) to the Euro over the same period. The Fish Pool Euronext future March was reported FLAT at 8.35 EUR (0.00% / 0.00) for the same period for comparison with April showing 8.59.

The Last Week

Significant price gains. Week 6 saw prices sharply increase, starting with a jump in opening prices as the market gapped higher from the week 5 close of 83.97 to 90.94 for week 6 trading on Friday, up 6.97 NOK / 8.3%. Sometimes when the market gaps higher at the beginning of the week it has found its level and captured the gains for the week. That wasn’t the case this week and we saw continuing strength and upward moment as the week progressed. Monday was a further 1 NOK plus to the good at 92.16, +2 NOK on Tuesday and nearly +2.5 NOK on Wednesday at 97.6. The week wasn’t done as we closed out at 98.57. Demand from Asia for the Chinese New Year has promoted strength and pushed prices.

The FX rate saw more volatility this week, ranging from and intra week high of 11.51 and bottoming at 11.37. The end of week rate we took at 11.48 on Thursday, the EURO trend overall has been level.

Spreads have remained tight but intraweek showed around a 1 NOK gap 3/4s – 5/6’s save for Thursday when spreads again compressed to almost nothing.

Next Week

Early indications showing prices around the 99 NOK level for the index as we head into the new week. That puts us UP marginally from the close yesterday of 98.5, and 8 – 9 NOK higher since this time last Friday. Prices continued up on the strength of the upcoming Chinese New Year with good volumes heading East, large fish being sold in that direction which has helped. This will end next week and generally the feeling is that prices will probably soften a little.

Spreads are sitting small around 2.00 NOK 3-6s evenly spread.

The EUR NOK FX rate is this afternoon is around the 11.47 level and has been higher at up to 11.57. This would give an indicative Euro index price around 8.63 EURO on offered levels Friday.

Volumes – Fresh Export

Volume figure for week 5 (2026) was 20,538 tons UP 4,168 tons as compared to 16,370 in 2025 some 25.46 % HIGHER. Volumes for weeks 6 and week 7 (2025) were 15,184 and 15,966 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 7 2025 ended the week up +0.42 NOK / +0.47% to stand at 89.45 NOK (in EUR terms 7.63 / +0.01 / +0.13%) FCA Oslo. The NOK rate ended up +0.07 NOK / +0.60% at 11.72 to the Euro. The Fish Pool Euronext future March was reported down Thursday to Thursday – 0.50 EUR / -6.17% at 7.60 EUR.

David Nye’s technical analysis report will be published on Monday.

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