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Some sources pointed out that although the volume of cod exported to China in small batches has fallen from a high level, the market has generally remained stab.
On the other hand, there is news that Norway will cut the fishing quota in the Barents Sea next year by as much as 20%, and the general trend of firm prices may continue into next ye.
"CFR prices for 1-2kg of Russian cod to China remain at $5,800/t, while Norwegian 1-5kg cod is slightly higher at $200-$300/t," a trader told U.
“So far, I don’t see any reason for prices to fall unless demand plumme.
Fishing production is weak, and quotas may be reduced by 20% in 2023, and the market appears to be holding stea.
” A UK importer ( source A) sa.
Fishing production is weak, and quotas may be reduced by 20% in 2023, and the market appears to be holding stea.
” A UK importer ( source A) sa.
There are indications that the current level of China's raw material imports is showing a slight downward tre.
A Chinese processing industry source said that Norwegian prices fell slight.
"I have a feeling that the market is falling back slightly, and the inventory is relatively hi.
"
A Chinese processing industry source said that Norwegian prices fell slight.
"I have a feeling that the market is falling back slightly, and the inventory is relatively hi.
"
Another Chinese source (Source B) said: “I don’t think (the market is pulling back), it depends on the specific market you are looking .
In general, prices have not changed, especially in China where prices have been Pushed to a high point, 1-2kg (H&G) Norwegian cod raw material was as high as $6,300/t and maintained for several wee.
Now it has fallen back to around $6,000/t, and other markets have not seen significant chang.
”
In general, prices have not changed, especially in China where prices have been Pushed to a high point, 1-2kg (H&G) Norwegian cod raw material was as high as $6,300/t and maintained for several wee.
Now it has fallen back to around $6,000/t, and other markets have not seen significant chang.
”
According to the statistics of the Norwegian Seafood Council (NSC), in the 26th week (June 27-July 3), the export of frozen cod still maintained a high level, and the price exceeded NOK 50/kg for 7 consecutive wee.
The latest FOB price was NOK 574/.
It was up slightly from the previous week and up 42% from a year earli.
The latest FOB price was NOK 574/.
It was up slightly from the previous week and up 42% from a year earli.
Haddock market moves similar to real cod
According to sources, 500g-1kg haddock prices (CFR China) are in the $4,000-$4,300/t ran.
"There is not much supply of haddock, but the demand is also relatively fl.
The summer months are usually not the peak seas.
The price is stable and high, especially when the price of cod is high, the demand for haddock has an upward tre.
" Source A sa.
The summer months are usually not the peak seas.
The price is stable and high, especially when the price of cod is high, the demand for haddock has an upward tre.
" Source A sa.
Source B said: "We are still selling haddock products, as long as the processing quality is good, customers can accept .
At present, the Chinese processing industry has a good demand for haddo.
"
At present, the Chinese processing industry has a good demand for haddo.
"
According to statistics from the Norwegian Seafood Council (NSC), the price of haddock in the 26th week was NOK 315/kg, up 29% from the same period last year, but the export volume doubled from the same period last year to 1,328 to.
The future supply of cod and haddock will be tight
During the North Atlantic Seafood Forum (NASF), Eldar Farstad, CEO of Leroy Havfiske, a subsidiary of Norway's Leroy Group, said: "We forecast a reduction of around 20 percent in the TAC for cod and haddock next ye.
"
"
In 2022, Norway's cod quota is 708,480 tons, and a 20% reduction in 2023 will leave only 566,784 tons (excluding unfulfilled quota.
Norwegian whitefish producer Insula COO Morten Jensen agrees: “The cod quota is likely to be cut by 20% and the haddock by 10-1
The pollock quota is expected to increase by 2
” 2022, Norwegian haddock The quota is 178,532 tonn.
The pollock quota is expected to increase by 2
” 2022, Norwegian haddock The quota is 178,532 tonn.
