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Contents
Fish & Seafood
Cod, Haddock & Alaska Pollock
24
Norwegian Cod* - NOK/MT
Jul 20 Oct 20 Jan 21 Apr 21 Jul 21 Oct 21 Jan 22 Apr 22 Jul 22
14,000
16,000
18,000
20,000
22,000
24,000
26,000
28,000
TS11 - Atlantic cod average catch price, NO
The Norwegian Atlantic cod price increased marginally, by NOK 14 (+0.1%) m-o-m in July 2022, to NOK
26,008/MT. The return of buyers from their summer holidays should provide some demand-driven price support
over the coming months. The Norwegian price remains elevated because of high input and fuel costs, and supply
volatility, exacerbated by the Russia-Ukraine conflict, Russia being a major cod exporter. Thus, the July 2022
average price increased substantially, by NOK 7,409/MT (+39.8%) y-o-y.
After falling for two consecutive months, the monthly average price of Norwegian-landed haddock increased by NOK
2,057/MT (+18.8%) m-o-m, to NOK 13,009/MT in July. This price rise reflected improved buyer sentiment, in
conjunction with some market tightness from suppliers in Northern Europe. The July 2022 average price also
increased by NOK 2,285/MT (+21.3%) y-o-y, which may be due to wider inflationary cost factors.
At RUB 122.4kg, Mintec's monthly average price contracted for the second consecutive month in August,
falling by RUB 1.0/kg (-0.8%) m-o-m. The re-imposition of social lockdowns across much of China, the
main market for Russian pollock, largely contributed to the decline. However, the latest price increased
by RUB 21.1/kg (+20.8%) y-o-y, as an indication of the historically low prices achieved in 2021, amid
robust Russian supply and a prolonged Chinese ban on Russian seafood shipments. High input costs
and global inflation also factored.
Norwegian Haddock* - NOK/MT
Jul 20 Oct 20 Jan 21 Apr 21 Jul 21 Oct 21 Jan 22 Apr 22 Jul 22
8,000
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
TS12 - North Atlantic haddock average catch price, NO
Russian Alaska Pollock - RUB/kg
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
90
100
110
120
130
140
150
7J05 - Alaska Pollock fzn Moscow RU
*July 2022 is the latest available monthly data