Norwegian cod prices were stronger than expected amid global market uncertainty

Published 2024년 2월 13일

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.

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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 ...

Source: Intrafish