China: The remaining quota for 2024 is getting smaller and smaller, prices of cod and haddock are rising steadily

A European trader quoted 1-2.5kg at $6,400-$6,500/ton, while a Chinese processing company manager revealed that he received a quote of $6,700/ton. In week 36, the Norwegian auction house sold at NOK 63.70/kg ($5.98/kg), down 2% from the previous week, but the transaction volume was only 15 tons. With the additional cost of NOK 1.75/kg and $300/ton delivery fee to China, the cost price of Norwegian cod is about $6,300/ton. "If the difference between the Norwegian auction price and the CFR China price exceeds $400/ton, it means that the shortage demand of Chinese factories is greater than the supply." said a Chinese processing factory manager. Compared with last year, the supply of Norwegian cod in the remaining months of this year will decrease year-on-year. Norway's total quota is 219,000 tons, of which H&G production is 62,439 tons, and the remaining quota in week 36 is 219,000 tons. The remaining total quota is 45,169 tons, and the remaining H&G quota is 22,072 tons; the quota ...