Norwegian cod prices continue to rise, with no transactions from Chinese buyers, while the market for saithe remains stable.
Published 2025년 11월 13일
Tridge summary
According to statistics, the price of 1-2.5kg Norwegian headless and gutted (H&G) true cod has increased by $200/ton, reaching $10,900/ton (CIF China). A Norwegian source said, "Sellers have further raised the CIF China prices, but they have not found buyers. From what I understand, suppliers are not in a hurry to ship, and they may still be waiting for a higher price."
Last week, the trading price of 1-2.5kg Atlantic true cod H&G at the Norwegian auction exceeded NOK 100/kg for the first time, rising 49% year-on-year; the trading volume was 368 tons, an increase of 38% from the previous week.
As of the 44th week, Norway's remaining quota is 26,209 tons (total quota 175,559 tons), and the remaining quota for trawling vessels is 11,939 tons.
In the 46th week, the price of 1-2kg true cod in Russia remained stable at $8,800/ton, also a historical high. As of November 11, the cumulative production of Russian Atlantic true cod was 146,500 tons, down about 30% year-on-year.
Russia and Norway have not reached an official agreement
Due to sanctions on Norebo Holding and Murman Seafood by Norway, the fishery cooperation between Russia and Norway has come to a standstill, and there has been no progress at the official level.
The aforementioned Norwegian source said, "There is currently no news from the Russian side regarding the 2026 Barents Sea quota. As far as I know, the Norwegian delegation is waiting for the meeting to restart."
Black hake prices remain stable for now
In the 46th week, the raw material prices for Norwegian and Russian black hake remained the same as the previous week. The CIF price for Norwegian 800g+ raw material was $7,450/ton, and the price for Russian 500g-1kg black hake raw material was $6,450/ton.
As of the 44th week, Norway's remaining black hake quota is 13,070 tons, with 4,187 tons remaining for trawling vessels, and the total annual quota is 70,939 tons. Last week, the trading price for 800g+ black hake at the Norwegian auction was NOK 69.73/kg, up about 5% from the previous week, with trading volume down 71% to 54 tons.
Last week, the trading price of 1-2.5kg Atlantic true cod H&G at the Norwegian auction exceeded NOK 100/kg for the first time, rising 49% year-on-year; the trading volume was 368 tons, an increase of 38% from the previous week.
As of the 44th week, Norway's remaining quota is 26,209 tons (total quota 175,559 tons), and the remaining quota for trawling vessels is 11,939 tons.
In the 46th week, the price of 1-2kg true cod in Russia remained stable at $8,800/ton, also a historical high. As of November 11, the cumulative production of Russian Atlantic true cod was 146,500 tons, down about 30% year-on-year.
Russia and Norway have not reached an official agreement
Due to sanctions on Norebo Holding and Murman Seafood by Norway, the fishery cooperation between Russia and Norway has come to a standstill, and there has been no progress at the official level.
The aforementioned Norwegian source said, "There is currently no news from the Russian side regarding the 2026 Barents Sea quota. As far as I know, the Norwegian delegation is waiting for the meeting to restart."
Black hake prices remain stable for now
In the 46th week, the raw material prices for Norwegian and Russian black hake remained the same as the previous week. The CIF price for Norwegian 800g+ raw material was $7,450/ton, and the price for Russian 500g-1kg black hake raw material was $6,450/ton.
As of the 44th week, Norway's remaining black hake quota is 13,070 tons, with 4,187 tons remaining for trawling vessels, and the total annual quota is 70,939 tons. Last week, the trading price for 800g+ black hake at the Norwegian auction was NOK 69.73/kg, up about 5% from the previous week, with trading volume down 71% to 54 tons.
Original content
According to statistics, the price of 1-2.5kg Norwegian headless and gutted (H&G) true cod has increased by $200/ton, reaching $10,900/ton (CIF China). A Norwegian source said, "Sellers have further raised the CIF China prices, but they have not found buyers. From what I understand, suppliers are not in a hurry to ship, and they may still be waiting for a higher price." Last week, the trading price of 1-2.5kg Atlantic true cod H&G at the Norwegian auction exceeded NOK 100/kg for the first time, rising 49% year-on-year; the trading volume was 368 tons, an increase of 38% from the previous week. As of the 44th week, Norway's remaining quota is 26,209 tons (total quota 175,559 tons), and the remaining quota for trawling vessels is 11,939 tons. In the 46th week, the price of 1-2kg true cod in Russia remained stable at $8,800/ton, also a historical high. As of November 11, Russia's cumulative production of Atlantic true cod was 146,500 tons, down about 30% year-on-year. Russia and ...
Source: Foodmate
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