ANALYSIS: Reduced Norwegian Cod Quotas Push Prices Higher in 2024
Expana's Norwegian cod price (frozen, gutted, headless, 1-2.5kg) has increased by 80.32% year over year (y-o-y) and by 15% quarter over quarter (q-o-q) during the last week of November. This has led to reaching the all-time high averaging monthly price of NOK 73.37 kg (Fig.1). The increase may be associated with the Barents Sea cod quota reduction by 20%, which accounts for a total allowable catch of 212,124 MT for Norway in 2024.
In addition, total exports dropped by 14% y-o-y...
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