Global cod production in 2021 is estimated at 1,616,000 MT, 6% higher than the production in 2020, and the first time since 2014 that cod production has not dropped. Since January 2021, China has imposed a ban on Russian vessels entering the harbors of Dalian and Qingdao due to covid-19 regulations. The ban changed the market dynamics - more cod was processed into fillets in Russia, transferred through South Korea, and entered China to bypass these regulations.
Trade4go
Feb 18th, 2022
