Norwegian cod prices have been adjusted, Russian quotes continue to rise, and Chinese buyers' purchasing intentions are low.
Published 2025년 12월 1일
Tridge summary
According to market quotations, the price of 1–2 kg headless and gutted (H&G) Atlantic cod from Russia has increased by $150 per ton to $9050 per ton; the price of 1–2.5 kg H&G cod from Norway has decreased by $250 per ton to $10750 per ton. Due to the high quotations, Chinese processing factories generally refuse Norwegian raw materials, resulting in limited transactions. The price of Norwegian blackline cod over 800 grams has slightly increased by $50 per ton to $7550 per ton.
A Chinese processing enterprise representative stated that some Norwegian exporters quoted prices as high as $11300 per ton, and currently, the acceptance of this price level in the Chinese market is low. Norwegian exporters generally adopt a wait-and-see attitude, hoping to maintain high prices under the condition of tight supply. Industry insiders pointed out that due to the approaching Spring Festival (the holiday starts on February 16, 2026), Chinese importers tend to delay placing orders.
However, some processing factories are replenishing a small amount of goods to maintain production and cash flow, especially for orders targeting the U.S. market. According to the Marine Mammal Protection Act, the U.S. will completely prohibit the import of Russian cod and blackline cod, including products processed through third countries, starting from January 1, 2026.
In addition, Norway and Russia plan to hold an online meeting in December to negotiate the quota for Barents Sea cod. The Russian Federal Fisheries Agency stated that it will protest against Norway's sanctions on Russian enterprises (including Norebo and Murman SeaFood) during the meeting and warn that if the negotiations are unsuccessful, Norway fishing vessels may be prohibited from entering the Russian exclusive economic zone.
According to scientific recommendations, the quota for Atlantic cod in 2026 is proposed to be reduced by 21% to 269,440 tons; the quota for blackline cod is to be increased by 18% to 153,293 tons. If the two sides cannot reach an agreement, the situation where each side sets its own quota may put greater pressure on the fishery resources in the Barents Sea.
A Chinese processing enterprise representative stated that some Norwegian exporters quoted prices as high as $11300 per ton, and currently, the acceptance of this price level in the Chinese market is low. Norwegian exporters generally adopt a wait-and-see attitude, hoping to maintain high prices under the condition of tight supply. Industry insiders pointed out that due to the approaching Spring Festival (the holiday starts on February 16, 2026), Chinese importers tend to delay placing orders.
However, some processing factories are replenishing a small amount of goods to maintain production and cash flow, especially for orders targeting the U.S. market. According to the Marine Mammal Protection Act, the U.S. will completely prohibit the import of Russian cod and blackline cod, including products processed through third countries, starting from January 1, 2026.
In addition, Norway and Russia plan to hold an online meeting in December to negotiate the quota for Barents Sea cod. The Russian Federal Fisheries Agency stated that it will protest against Norway's sanctions on Russian enterprises (including Norebo and Murman SeaFood) during the meeting and warn that if the negotiations are unsuccessful, Norway fishing vessels may be prohibited from entering the Russian exclusive economic zone.
According to scientific recommendations, the quota for Atlantic cod in 2026 is proposed to be reduced by 21% to 269,440 tons; the quota for blackline cod is to be increased by 18% to 153,293 tons. If the two sides cannot reach an agreement, the situation where each side sets its own quota may put greater pressure on the fishery resources in the Barents Sea.
Original content
According to market quotations, the price of 1–2 kg headless and gutted (H&G) Atlantic cod from Russia has increased by $150 per ton to $9050 per ton; the price of 1–2.5 kg H&G cod from Norway has decreased by $250 per ton to $10750 per ton. Due to the high quotations, Chinese processing factories generally refuse Norwegian raw materials, resulting in limited transactions. The price of Norwegian blackline cod over 800 grams has slightly increased by $50 per ton to $7550 per ton. A Chinese processing enterprise representative stated that some Norwegian exporters quoted prices as high as $11300 per ton, and currently, the acceptance of this price level in the Chinese market is low. Norwegian exporters generally adopt a wait-and-see attitude, hoping to maintain high prices under the condition of tight supply. Industry insiders pointed out that due to the approaching Spring Festival (the holiday starts on February 16, 2026), Chinese importers tend to delay placing orders. However, ...
Source: Foodmate
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