Cod quotas reduced by 22%, haddock production may decrease by 100,000 tons, global whitefish entering a "high-price era"

Published 2025년 10월 24일

Tridge summary

Core Insight: In late October, the annual "Groundfish Forum" held in Tokyo, Japan, released the latest warning signals for the global whitefish market: the total global whitefish production is expected to decrease by about 5% by 2026, with particularly noticeable declines in the two core species, true cod and pollock. Participating analysts believe that this will further drive up raw material prices in the main production areas of the North Atlantic and North Pacific, making whitefish officially enter a new cycle of "scarcity pricing."

Original content

Atlantic cod production hits a decade low, Norwegian prices break $10,000 Forum data shows that the global total quota for Atlantic cod in 2026 is expected to be only 640,000 tons, a decrease of about 10% year-on-year. Among these, the quota for the Barents Sea has decreased the most significantly, possibly remaining at 250,000 tons, a reduction of 22% compared to 2025. The Norwegian quota is expected to be 131,000 tons (-25%), Russia's about 119,000 tons (-21%), while Iceland, although it has become the largest supplier, its quota also decreased by 4% to 204,000 tons. Only Greenland and some North American fishing areas have slightly increased their quotas. In the context of continued supply tightening, Norwegian Atlantic cod prices broke $10,000 per ton (CFR) for the first time in the 43rd week of 2025, reaching a historical high. According to tracking data from Undercurrent News, the price for 1-2.5 kg headless and gutted (H&G) specifications increased by $175 per ton within a ...

Source: Foodmate