Core tip: During the 36th week of 2025 (September 1 to 7), both the fish markets in Scotland and Iceland saw a significant surge in cod prices, but the market for black cod showed a split. Data from auctions in Peterhead, Shetland, and within Iceland indicate that the market for white fish is currently in a tense supply-demand game, with price trends clearly deviating from the seasonal norms of previous years.