ANALYSIS: 2025 Cod Market Outlook, Supply Constraints, and Price Dynamics
The Norwegian cod (Gadus morhua) market has experienced significant changes in 2025, primarily driven by a decrease in supply. Prices reached a historic high in February 2025, with Norwegian cod valued at NOK 76.1 per kilogram (Figure 1). However, the following months have been marked by increased volatility, influenced by factors such as shifts in global trade policy, regulatory sanctions, and ongoing supply constraints...
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