The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 6th October, 2022
Published: 7th October 2022
This Article was Written by: John Ersser
The LFEX Norwegian Exporters Index week 40 was up +6.02%, +4.01 NOK to stand at 70.65 NOK FCA Oslo Week ending Thursday vs previous Thursday.
The NOK was down slightly over the week ending at 10.43 to the Euro over the period Thursday to Thursday -0.04 NOK or -0.38%. The Fish Pool future October was up +0.5 NOK at 67.5 NOK.
Pricing opened higher on Friday as predicted with a jump of 1.43 NOK to 68.07 NOK and pushed up higher on Monday to 68.92, a breather on Tuesday before a further jump of 1.77 to 70.5 NOK and finishing the week on Thursday at a high of 70.65 NOK. Rent tax concerns and EURNOK exchange rate pushing up prices. For week 41 prices are being pushed higher based around inclement weather potentially reducing harvesting and currency volatility with sellers looking for higher Euro prices to maintain NOK values. There seems to be a consensus that 3KG + pricing in excess of 70Nok or 7.5 Euro will see a reduction in buyer demand and that overall pricing will end up at around current levels. As usual we will see…
David Nye’s analysis for a Technical viewpoint will be published on Monday.
Market Data (Click Each to Expand)
|LFEX Prices||FX Rates||LFEX Indicative Exporter Prices (4 Week)||EUR / NOK FX Rate (4 Week)|
Prices Ending 29th September, 2022
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Did You Know?
The LFEX RFQ allows users to make offers and requests for forward orders not just the current week?
If a customer has a specific need for inventory at a specific day / week in the near future this request can be put up, and likewise if a seller wants to secure some early sales they can put up offers for that date/week. The system also offers contracts trading for multi-leg orders.
Q. Can my colleagues see / participate in my activity and / or communications on the LFEX platform?
A. The platform will allow ‘internal’ users to share / access information on the platform, and therefore users will be able to see offered prices by colleagues as well as trades and history. It allows you to handle customers when colleagues are away from the desk / office and tracks and records each users activities, meaning your business will never miss an order or sale.