The remaining quota for 2024 is getting smaller and smaller, and the prices of cod and haddock are rising steadily

The article provides an overview of the pricing and availability of Norwegian cod and haddock in the European and Chinese markets. It highlights a decrease in the Norwegian cod auction price, leading to a price gap between Norway and China, attributing the demand-supply imbalance to Chinese factory shortages. The remaining quota for these fish in Norway and for 2023 is also mentioned. Additionally, the article discusses the rising prices for Norwegian and Russian haddock, influence of potential European Commission embargoes and tariffs on Russian seafood, and scientific recommendations for quota reductions for cod and haddock in the Barents Sea.

A European trader quoted 1-2.5kg at $6,400-$6,500/ton, while a Chinese processing company manager revealed that he received a quote of $6,700/ton. In week 36, the Norwegian auction house sold at NOK 63.70/kg ($5.98/kg), down 2% from the previous week, but the transaction volume was only 15 tons. With the additional cost of NOK 1.75/kg and $300/ton delivery fee to China, the cost price of Norwegian cod is about $6,300/ton. "If the difference between the Norwegian auction price and the CFR China price exceeds $400/ton, it means that the shortage demand of Chinese factories is greater than the supply." said a Chinese processing factory manager. Compared with last year, the supply of Norwegian cod in the remaining months of this year will decrease year-on-year. Norway's total quota is 219,000 tons, of which H&G production is 62,439 tons, and the remaining quota in week 36 is 219,000 tons. The remaining total quota is 45,169 tons, and the remaining H&G quota is 22,072 tons; the quota ...