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Seafood cod price
At auction on Monday, cod fetched up to £20/kg and haddock up to £80/kg, up more than 100% from normal time.
However, industry insiders believe that the increase in British cod prices is not related to the war in Ukrain.
On July 19, the UK imposed a 35% tariff on seafood imported from Russi.
£££However, industry insiders believe that the increase in British cod prices is not related to the war in Ukrain.
On July 19, the UK imposed a 35% tariff on seafood imported from Russi.
Martyn Boyers, Grimsby market operator, said: "Cod prices have doubled from £3 to £50/kg in normal time.
Of course, the price increase has been determined by a variety of factors, mainly a lack of supply, we Depends on Icelandic fish imports, which are at the end of their seaso.
”
££Of course, the price increase has been determined by a variety of factors, mainly a lack of supply, we Depends on Icelandic fish imports, which are at the end of their seaso.
”
The last time the UK cod price increased was around Christmas, when cod and haddock rose to £50/kg and £5/kg respectivel.
££“During the summer months, Icelandic factories are often closed, fishing stops, production is drastically reduced, combined with hot weather, which makes perishable goods more perishable, and the supply chain plays a strange rol.
For the market itself, sales volumes Far more important than price, we're also working hard to enhance our service for our merchant customers," Boyers sai.
For the market itself, sales volumes Far more important than price, we're also working hard to enhance our service for our merchant customers," Boyers sai.
A local fish trader described the prices as "ridiculous" this week, mainly due to the lack of supply in Iceland, coupled with strong demand from the US and Europe, Grimsby does not have a local fishing fleet and the market is too dependent on import.
