Those figures look good Bug. Volumes were low in March, and suspect will be very low again in April and May. All the inventory would have been freighted off back in late 2021. Though did you see the FishPool results overnight? Very promising. The prices are holding up north of 100NOK, and volume has also picked up.
You can also see the futures are going up. Even though we have backwardation (current spot is above future price), the futures are creeping up too. What seems to be happening is as we get closer to the date, the price jumps up. So even though August-22 looks pretty average, by the time we are in July it's already gone up. So you can see for example that June went up around 8NOK as we entered the month, and this is happening all the way through to October 2022 by the looks of it (when our export window is closing).
This bodes very well considering we are just entering our new export harvesting period. So should see good results for 1H23 export prices, wholesale prices, and possibly long enough for the domestic retail (supermarkets) to be pushed up too.
TGR Price at posting:
$3.56 Sentiment: Buy Disclosure: Held
