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The Norwegian-caught Atlantic cod average price reached a 6-month high of NOK 18,255/MT in June
2021, increasing by NOK 2,092/MT (+12.9%) m-o-m, attributable to improving demand in key
European markets, as lockdown restrictions gradually ease. However, the June 2021 average lagged
the June 2020 average by NOK 588/MT (-3.1%) y-o-y, due to comparatively higher availability related
to a 20% increase in the Barents Sea cod catch quota for 2021.
The monthly average price of Norwegian-landed haddock contracted by NOK 1,886/MT (-17.9%) m-om
and NOK 3,553/MT (-29.1%) respectively in June 2021, reaching a four-year low of NOK 8,645/MT.
This was a result of robust supply expectations caused by an 8% increase in the Barents Sea haddock
catch quota for 2021 against tepid out-of-home demand, particularly from the foodservice industry,
where affordable cod prices are driving a substitution effect towards the latter.
The monthly average price of Russian-caught Alaska pollock increased marginally by RUB 0.7/kg
(+0.7%) m-o-m in June 2021, to RUB 102.8kg, although it remains 6% below the pre-pandemic fiveyear
average (2016-2020) price of RUB 109.1/kg. The market remains fundamentally weak in light of
plentiful availability contrasted with China's continued import restrictions on Russian seafood, as
China is the main export market for Russian-caught whitefish species. This weakness is reflected in
the June 2021 price contracting by RUB 11.7/kg (-10.2%) y-o-y.
*April 2021 is the latest available monthly data