Black cod prices soar, true cod approaching the $10,000 mark

Traders say that the current market supply is extremely scarce, with European and Chinese buyers only able to "buy on demand," and transaction prices vary significantly, with some Norwegian suppliers stating that there will be basically no stock available before Christmas. In comparison, the price increase for Russian cod has been slightly slower, maintaining an upward trend of about $100/ton per week. The black line cod market has been fluctuating sharply due to U.S. policy. Prices for Norwegian black line cod weighing over 800g surged by $300/ton in a single week, despite the expected 18% increase in the Barents Sea quota for 2026. However, the news has already been reflected in the market, and the supply and demand situation remains tight in the short term. Industry insiders point out that the current price of Norwegian black line cod is about $500-550/ton higher than that of Russian counterparts. Meanwhile, Russian black line cod has lost its market prospects in the U.S. due ...