In 2025, both Norway and Alaska will reduce the quotas for Atlantic and Pacific cod, leading to a surge in prices in the US wholesale market. The price of Atlantic cod fillets rose by 12.5% to $6.25/lb, while Pacific cod increased by 6.5% to $4.95/lb. The shortage of Atlantic cod has fueled demand for Pacific cod, driving its prices up. However, with the rising costs, consumers are seeking alternatives like pollock and tilapia. Additionally, the article discusses the potential effects of tariffs and the Russian ban on the industry, highlighting the expansion of Chinese processors in Indonesia and Vietnam as a strategy to mitigate bureaucratic challenges in exporting to China.