Russian cod and black cod both increase in price, with non-primary suppliers taking the opportunity to raise prices

The continuous price increases are still directly related to the EU sanctions on Russia's main fishing companies Norebo and Murman Seafood. The two companies account for over 50% of Russia's cod fishing quotas, and their products cannot enter the EU market, blocking European supply channels and creating "price markup space" for other Russian suppliers. "Current prices come entirely from non-Norebo and Murman sources," a representative from a Chinese processing company said. "Traders are actively pushing up quotations by taking advantage of market gaps, solely to gain higher profits, which is extremely detrimental to the long-term stability of the entire industry." This trend is also appearing in the black cod market. Non-sanctioned suppliers are taking the opportunity to raise prices, causing black cod prices to continue rising, with processing companies facing double pressure: on one hand, they cannot directly purchase more cost-effective products from primary sources, and on the ...