Groundfish Forum: Global whitefish production forecast released, cod quota cut again

The article reports a significant decrease in the quota of Barents Sea cod, haddock, and green cod, with notable reductions in production expected from Norway, Russia, and other countries. Despite these declines, a slight increase in the global supply of Atlantic redfish is forecasted for 2025, with Iceland potentially becoming the largest exporter. Production figures for pollock, Pacific cod, and hake are also anticipated to remain largely stable or show minor increases. Additionally, the forecast predicts a surge in the global supply of farmed white fish species such as pangasius and tilapia in 2025, with Vietnam, India, and Indonesia expected to play a key role in this growth.

Among them, the quota of Barents Sea cod will be further significantly reduced from 816,000 tons to 656,000 tons, a decrease of nearly 20%. Norway's production is expected to be reduced from 223,000 tons this year to 140,000 tons, Russia's production will drop from 220,000 tons to 150,000 tons, and Iceland's production will remain basically unchanged, with production next year at 214,000 tons (211,400 tons this year). Iceland may become the largest exporter of Atlantic cod next year. Hadock production will also be reduced, down 9% year-on-year to 269,000 tons, and green cod production will drop 6% to 360,000 tons. Among them, Norway's haddock production will be reduced from 9. 40,000 tons will drop to 57,000 tons next year, and the production of green cod will drop from 243,000 tons this year to 217,000 tons. The meeting predicts that the global supply of Atlantic redfish will increase slightly in 2025, with Iceland increasing by 6,000 tons and North America increasing by 5,000 ...