High price squeezes demand, Japanese importers worry about accumulation of Norwegian pollock inventory.

Procurement costs hit a high, while import volume significantly declined In October 2025, driven by the reduction of the annual quota and the expectation of further compression in 2026, the CFR price of Norwegian pollock surged to a historical high of $5.50–5.60 per kilogram. Data from the Norwegian Statistics Bureau showed that in January, the export volume of frozen Norwegian pollock dropped by 67% year-on-year to 8,627 tons. Among these, the export volume of products under 600 grams fell by 66% to 7,731 tons, while the volume of products over 600 grams decreased by 20% to 897 tons. Correspondingly, the price rose rapidly. In January, the average export price of products under 600 grams increased by 70% year-on-year to 50.6 Norwegian kroner per kilogram (about $5.31), while the price of products over 600 grams increased by 65% to 50.8 Norwegian kroner. In terms of sub-markets, South Korea remained the largest destination, but its import volume in January decreased by 67% ...