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LFEX European Aquaculture Snapshot to 7th July, 2022
The LFEX Norwegian Exporters Index week 27 was up +2.41%, +2.28 NOK to stand at 97.00 NOK FCA Oslo Week ending Thursday vs previous Thursday.
The NOK was a little stronger at 10.29 to the Euro over the period Thursday to Thursday -0.06 NOK or 0.58%. The Fish Pool future July up 3.20 NOK at 93.00 NOK.
This week went against expectations with an overall 2.41% rise. The market kicked off 2% higher on Friday against the previous close, although it edged back down Monday and Tuesday to its previous week close at 94.72, it picked up again Wednesday to 97.13 and finishing up at 97 dead, with lack of fish supporting the price rise. Against general market expectation prices have been rising. Visibility on harvesting next week is unclear with total volumes hard to assess. Expectations for next week to be similar to this, maybe 5+ fish a little lower, but overall prices up a little. As usual we will see.
David Nye’s analysis for a Technical viewpoint will be published on Monday.
Market Data (Click Each to Expand)
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