The London Fish Exchange

LFEX European Aquaculture Snapshot to 8th May, 2025

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The LFEX Norwegian Exporters Index for Week 19 2025 ended the week UP +2.37 NOK / +3.33% to stand at 73.5 NOK (in EUR terms 6.29 / +0.25 / +4.13%) FCA Oslo Week ending Thursday vs previous Wednesday.

The NOK rate ended DOWN at 11.69 to the Euro over the period Wednesday to Thursday. The Fish Pool Euronext future June was reported DOWN Wednesday to Thursday -0.40 / -5.71% at 6.60 EUR, approximately 77.15NOK.

The Last Week

A difficult week to get a good read on prices. Friday opened the trading week offered at 69.76 a further fall from the close on the Wednesday (1st May Thursday being a holiday). As noted last week there was a combination of pressures on pricing – a lot of quality fish coming through, US tariffs have meant a refocus to business into Europe and Asia. Algae has meant additional slaughter from a couple of farms in the north adding to volumes and Barcelona expo created a complicated price picture. With many travelling at the expo pricing remained flat on the Monday, and reality there was little pricing transparency. We saw a gentle rise in pricing over the week to a close at 73.5.

Total spreads remain compressed at around 1 NOK 3/4s – 5/6s.

Next Week

Indications this week see the index opening around 74 NOK as offered prices come up very slightly from where last week left off. Prices are looking stable for the week at the moment, with opinions both up and down for later in the week. Volume remains good and spreads flat.

EUR NOK FX rate is off small at 11.65 this afternoon. This would give an indicative Euro index price around 6.35 on levels later Friday.

Volumes – Fresh Export

Volume figure for week 18 (2025) was 18,958 tons up 7,447 as compared to 11,511 in 2024. Volumes for week 19 and week 20 (2024) were 10,617 and 11,698 respectively for comparison.

Historical Price Guidance for Next Week

The LFEX Norwegian Exporters Index for Week 20 2024 ended the week down -1.56%, – 2.03 NOK to stand at 127.74 NOK (in EUR terms 10.98) FCA Oslo. The NOK rate ended down at 11.63. The Fish Pool future May was reported up +3.00, +2.43% at 126.50 NOK.

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

Did You Know?

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