The London Fish ExchangeData / Market Insight / News
LFEX European Aquaculture Snapshot to 9th February, 2023
The LFEX Norwegian Exporters Index Week 6 2023 was up +6.31%, +5.52 NOK to stand at 92.94 NOK FCA Oslo Week ending Thursday vs previous Thursday.
The NOK rate gave a little ending at 10.91 to the Euro after some volatility over the period Thursday to Thursday -0.05 NOK or -0.46%. The Fish Pool future February was reported higher at 91.2 NOK up 0.2 NOK or +0.22%.
The market seemingly made a jump up this week of over 6%, but if put into context of the prior weeks close price dip the market has found a relative equilibrium around this week’s levels. Friday saw the market push back to 90.7 NOK levels, up 3.3% and settled around this price point for the majority of the week, with Monday showing 91.01 and Tuesday 90.64. Prices started to edge up later in the week with Wednesday showing 92.34 and Thursday closing out at 92.94 based on the prospect of a potential storm impacting harvesting. Early indications for next week are more of the same with maybe a push on pricing early in the week. As usual we shall see what the week brings.
David Nye’s technical analysis report will be published on Monday.
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