Cod quotas reduced by 22%, haddock production may decrease by 100,000 tons, global whitefish entering a "high-price era"

Atlantic cod production hits a decade low, Norwegian prices break $10,000 Forum data shows that the global total quota for Atlantic cod in 2026 is expected to be only 640,000 tons, a decrease of about 10% year-on-year. Among these, the quota for the Barents Sea has decreased the most significantly, possibly remaining at 250,000 tons, a reduction of 22% compared to 2025. The Norwegian quota is expected to be 131,000 tons (-25%), Russia's about 119,000 tons (-21%), while Iceland, although it has become the largest supplier, its quota also decreased by 4% to 204,000 tons. Only Greenland and some North American fishing areas have slightly increased their quotas. In the context of continued supply tightening, Norwegian Atlantic cod prices broke $10,000 per ton (CFR) for the first time in the 43rd week of 2025, reaching a historical high. According to tracking data from Undercurrent News, the price for 1-2.5 kg headless and gutted (H&G) specifications increased by $175 per ton within a ...