Scientists suggest further reduction in quotas for Barents Sea cod and haddock in 2025

In 2024, the Barents Sea quota is 45,3427 tons, a 20% decrease from the previous year. In addition, the United States has expanded sanctions against Russian seafood. The price of Norwegian frozen cod (headless and gutted, H&G) raw materials (CFR China) hit a record high of nearly $7,000/ton. The price difference between Russian cod raw materials and Norwegian prices is $1,500/ton. In the 24th week, the price of 1-2.5 kg cod H&G at the Norwegian auction house was NOK 60.97/kg, down from a few weeks ago; sources said that because the price of real cod was too high, the transaction volume was reduced. In addition, the reduction of haddock quota is also expanding. The scientific community recommends that the haddock quota in 2025 will be 106,912 tons, a decrease of 24%. The haddock quota in 2024 will be 141,000 tons. Russian haddock products are not affected by ...