Atlantic cod auctions hold strong at high levels, while prices for blackline cod drop about 30% over four weeks.

Published Mar 3, 2026

Tridge summary

Core Insight: The North Atlantic whitefish auction market showed significant differentiation in the 9th week (February 23 to March 1). Icelandic true cod prices maintained a historically high range, while blackline cod continued to fall under the impact of high trading volume; the Scottish market, however, showed regional differences, with the price trends of true cod in Peterhead and Shetland diverging.

Original content

According to data from RSF (Reiknistofa Fiskmarkada), the price of Icelandic head-on gutted true cod continues to hold steady above the 600 Icelandic króna/kg range (approximately $5.40–5.50/kg). Since the beginning of the year, prices have only experienced minor fluctuations, maintaining a high level overall. In the 9th week, the volume of head-on true cod of this specification was 386 tons. The average index price decreased by 15 Icelandic króna/kg compared to the previous week, but this change was mainly due to adjustments in the specification structure rather than a decrease in demand. The volume of large-sized true cod (over 5 kg) decreased by 39% compared to the previous week, dragging down the overall average price. Apart from the large sizes, prices for other major commercial specifications increased week-on-week. The price for sizes over 5 kg has remained in the range of approximately 700 Icelandic króna/kg since the beginning of the year, consistently higher by 100–120 ...
Source: Foodmate

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