Russia may become world leader in Atlantic cod production in 2023

Published 2023년 3월 14일

Tridge summary

Russia is set to become the world's leading producer of Atlantic cod in 2023, surpassing Norway, according to the All-Russian Association of Fisheries and the FAO. However, overall production is expected to drop to a historic low of 1 million tons due to diminishing stocks. Despite Norway's strong market position, Russia has the potential to increase its influence in the global white fish market. The FAO anticipates a rise in cod prices due to decreased supply, which could shift consumer demand towards cheaper alternatives like pollock, pangasius, and tilapia. Haddock also presents a potential opportunity for producers in this scenario.

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Original content

Russia may become the world leader in Atlantic cod production in 2023, overtaking Norway. This is stated in the telegram channel of the All-Russian Association of Fisheries (VARPE) with reference to the Food and Agriculture Organization of the United Nations (FAO). "As follows from the FAO data, Norway, which for many years was the largest cod fishery, will give way to Russia. FAO predicts that Norway's catch will decrease by 100 thousand tons, to 278 thousand tons, and Iceland - by 10%, to 209 At the same time, the catch of Russian fishermen will decrease from 340 thousand tons in 2022 to 306 thousand tons in 2023," the report says. According to experts, Atlantic cod stocks are in a "depressive" state. The volume of production of this type of fish in 2023 may drop to a historic low of 1 million tons. "Thus, our country will become the largest producer of Atlantic cod in the world. However, one must take into account the fact that the cod market is an integral part of the global ...

Source: Kvedomosti