In the 42nd week, the price of Atlantic cod is running high, while the price of black line cod is stable with a slight increase.
Published 2025년 10월 17일
Tridge summary
According to the latest assessment by UCN, the CIF price for 1-2.5kg Norwegian headless and gutted (H&G) true cod is $9,875/ton, unchanged from last week; the price for 1-2kg true cod from Russia is $8,550/ton, down by $50/ton compared to last week.
Next week, the annual meeting of the Groundfish Forum will be held in Tokyo, Japan, providing a valuable opportunity for face-to-face communication between representatives from Norway and Russia. The cooperation between the Norwegian and Russian fisheries has been at a standstill due to political issues (Norway's sanctions on two Russian companies), and there is still no clear news regarding the quota allocation for the Barents Sea in 2026.
"This is the elephant in the room," said a Chinese buyer. "It's a major issue for all buyers, and we may get more news next week when relevant industry professionals gather in Tokyo for the meeting."
A Russian supplier also stated that, as of now, there has been no progress at the official level between the two countries.
This year, the price of true cod has been continuously rising, especially in August and September, repeatedly breaking historical highs, which has greatly compressed the profit margins of processing enterprises.
In the 42nd week, the price of Norwegian saithe began to stabilize after a month of continuous increases, currently at $7,150/ton. The price of Russian saithe continues to rise, with a quotation of $6,250/ton, and the raw material price difference between Norway and Russia is $900/ton.
Next week, the annual meeting of the Groundfish Forum will be held in Tokyo, Japan, providing a valuable opportunity for face-to-face communication between representatives from Norway and Russia. The cooperation between the Norwegian and Russian fisheries has been at a standstill due to political issues (Norway's sanctions on two Russian companies), and there is still no clear news regarding the quota allocation for the Barents Sea in 2026.
"This is the elephant in the room," said a Chinese buyer. "It's a major issue for all buyers, and we may get more news next week when relevant industry professionals gather in Tokyo for the meeting."
A Russian supplier also stated that, as of now, there has been no progress at the official level between the two countries.
This year, the price of true cod has been continuously rising, especially in August and September, repeatedly breaking historical highs, which has greatly compressed the profit margins of processing enterprises.
In the 42nd week, the price of Norwegian saithe began to stabilize after a month of continuous increases, currently at $7,150/ton. The price of Russian saithe continues to rise, with a quotation of $6,250/ton, and the raw material price difference between Norway and Russia is $900/ton.
Original content
According to the latest assessment by UCN, the CIF price for 1-2.5kg Norwegian headless and gutted (H&G) true cod is $9,875/ton, unchanged from last week; the price for 1-2kg true cod from Russia is $8,550/ton, down by $50/ton compared to last week. Next week, the annual meeting of the Groundfish Forum will be held in Tokyo, Japan, providing a valuable face-to-face communication opportunity for representatives from Norway and Russia. The cooperation between the Norwegian and Russian fisheries has been at a standstill due to political issues (Norway's sanctions on two Russian companies), and there is still no clear news on the quota allocation for the Barents Sea in 2026. "This is the elephant in the room," said a Chinese buyer. "It's a major issue for all buyers, and we might get more news next week when relevant industry people gather in Tokyo for the meeting." A Russian supplier also stated that, as of now, there has been no progress at the official level between the two ...
Source: Foodmate
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