Global cod harvests are down, a trend likely to continue

Frozen Haddock Fillet

Japan

Published Jan 30, 2024

Tridge summary

Over the past decade, global cod landings have seen a significant decrease of 33%, with Atlantic cod catches falling by 42% in the last eight years and expected to further decrease by 15% from 2023 to 2024. However, Pacific cod landings are expected to remain steady in 2024. The price difference between once-frozen and twice-frozen cod fillets reached a five-year high in 2023, and the U.S. imported fewer of both types of fillets in 2023 compared to 2022. Similarly, the prices for skinless/boneless Atlantic haddock are high, with U.S. imports of once-frozen and twice-frozen haddock also seeing a decline in 2023.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Global cod landings are down 33 percent over the past decade, and the downward trend has accelerated over the past three years.On 25 January, at the 2024 Global Seafood Market Conference in Orlando, Florida, U.S.A., Genuine Alaska Pollock Producers Director of Industry Relations, Partnerships, and Fishery Analysis Ron Rogness reported global cod catch declined to 1.12 million metric tons (MT) in 2023.Catches of Atlantic cod fell 42 percent over the last eight years and is predicted to be down almost 15 percent from 2023 to 2024. Pacific cod landings are expected to be relatively flat for 2024 at around 330,000 MT, according to Rogness.Most Atlantic cod is caught in the Barents Sea by Norwegian and Russian producers, which collectively caught 761,000 MT in 2023. Norwegian production is predicted by the Groundfish Forum to drop from 296,000 MT to 216,000 MT in 2024, while Russian catches will decline from 265,000 MT to 215,000 MT. Iceland’s catch will remain steady at 211,000 MT, as ...

Source: Seafoodsource