Norwegian cod prices have surged past $10,000 per ton, with saithe performing strongly.

This week, the price of 1-2.5kg headless and gutted (H&G) Norwegian cod increased to $175/ton (CFR), while the price of 1-2kg H&G Russian cod increased to $100/ton, with Norwegian raw materials being approximately $1,400/ton higher than Russian ones. During the forum, a European importer told UCN: "While everyone is complaining about the rising prices of true cod, Chinese processing factories are continuously buying. Many are worried that prices might rise further and are trying every means to secure raw material supply." Another European trader said: "Look at true cod still being on the menu, consumers are unaware that they are paying for geopolitics, not just a meal." Only one Russian supplier quoted below $10,000/ton and pointed out that there is room for Norwegian prices to be artificially high, with actual transaction prices being lower than the quoted prices. As of the 41st week, there are 31,290 tons of Norwegian Atlantic cod quota remaining (2025 quota is 175,559 tons), ...