Norwegian cod prices were stronger than expected amid global market uncertainty
Frozen Cod
Published Feb 14, 2024
Tridge summary
Due to the forthcoming US import ban on Russian-origin products, there is uncertainty in the global whitefish market, leading to higher than expected prices for cod, especially fresh cod, for Norwegian fishermen. The prices are currently 20% higher than the previous year and are expected to rise further. The US has now closed a loophole that allowed imports of Russian-harvested seafood processed in third countries, with a full ban set to commence from February.
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
Norwegian fishermen are enjoying stronger than expected prices for cod, especially for fresh cod, as a looming US import ban on Russian-origin products creates uncertainty in the global whitefish market. Finn-Arne Egeness, chief seafood analyst at Nordea Bank, said prices paid to Norwegian fishermen for fresh cod were 20 percent higher than a year ago, with further growth expected. "Prices are continuing to increase, both for fresh and frozen cod," he told IntraFish. The ...
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