Tridge summary
The price of fresh and frozen headless and gutted (H&G) cod in Norway has seen a significant increase since January, particularly for smaller sizes, due to a 20% reduction in fishing quotas. Despite the quota reduction, auction sales have not been affected, with a notable increase in sales compared to the same period last year. The demand for Norwegian cod has also been boosted by the U.S. government's ban on imports of pollock and cod from Russia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to the latest data from Norges Rafisklag in Norway, the price of fresh and frozen headless and gutted (H&G) cod continued the rapid upward trend since January in the fourth week (January 22-28). For fresh cod, recently The auction volume during the week was 1,551 tons, with an average price of NOK 56.38 per kilogram. The increase has been most significant for small sizes, perhaps due to the 20% reduction in fishing quotas for the industry this year. The average price of fresh cod of 1-2.5 kg has increased by more than NOK 48/kg, which was last year's fishing season until late February. peak reached. For the main commercial catch size of 2.5-6 kg, prices (which usually remain stable throughout the fishing season) were also significantly higher at the start of the year, at 55.94 NOK/kg, compared with an average price of 46.52 NOK/kg in the fourth week of 2023 kroner/kg . Likewise, the reduction in quotas has yet to impact auction sales, with the 1,033 tonnes ...
Source: Foodmate
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