Russian-Norwegian quota negotiations hit a deadlock! Barents Sea cod prices "locked" at high levels, market enters a period of observation

According to industry monitoring data, in the 42nd week of 2025, the price of headless and gutted Atlantic cod from Russia and Norway continued to maintain at a record high, but the market trading volume dropped sharply. The trading volume in Norway's domestic auction market was only about 30 tons, far below the usual level, reflecting a general market situation of "having a price but no market." A Chinese buyer pointed out: "Quota negotiations are the 'elephant in the room' in the current market, and no one dares to place orders rashly." Haddock price gap remains large U.S. policy boosts market expectations Haddock prices have stabilized after rising for several consecutive weeks. The CIF average price of Norwegian H&G haddock is about $7,150 per ton, while the Russian equivalent is about $6,150 per ton, with a price gap of $900 per ton. Analysts believe that the U.S. Marine Mammal Protection Act (MMPA) ban, which will take effect in January 2026, is the main factor driving the ...