High Atlantic Cod Prices Persist in Europe Amidst Limited Supply in Dec-24

In Dec-24, Atlantic cod prices in Europe remained at record highs due to strong consumer demand and limited supply driven by reduced quotas, particularly from the Barents Sea. The primary suppliers, including Norway, Iceland, and Canada, dominate the European market, but volumes have been insufficient to meet growing demand. Prices have surged significantly, with a 29% increase between 2022 and 2023 and current import prices exceeding USD 6.87 per kilogram (EUR 6.50/kg), reflecting ongoing market constraints.