The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 8th June, 2023
The LFEX Norwegian Exporters Index for Week 23 2023 was in the end down -8.91%, -10.38 NOK to stand at 106.11 NOK FCA Oslo Week ending Thursday vs previous Thursday.
The NOK rate was down at 11.77 to the Euro over the period Thursday to Thursday -0.18 NOK or -1.51%. The Fish Pool future June was reported higher at 102.5 NOK up +0.5 NOK or +0.49%.
A roller coaster week. For a kick-off prices opened firmer, against expectations, with a +2.1 NOK / 1.8% increase on the Friday and continued to strengthen on Monday to 121.86 NOK. Tuesday brought it back to level compared the to previous weeks close at 116.53, and Wednesday ticked down to 113.92 NOK where prices were felt to have been. Thursday however registered a 7.81 NOK drop to close out at 106.11, a roller coaster week with a top to bottom range of 15,75 NOK / 12.9%. Poland was closed, but some there were still purchasing from there, and the fish that would have been processed would have been bought the prior week – i.e. it shouldn’t necessarily have impacted Thursdays price. The higher prices didn’t help the drop, there were fish around but not enough to explain the fall, so more likely a general drop in prices. Next week is hard to gauge after volatility like this. As of Thursday evening thoughts were of a stronger open for the week. To get Fridays actual index price login to the platform this afternoon. We shall see.
David Nye’s technical analysis report will be published on Monday.
Market Data (Click Each to Expand)
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