ANALYSIS: Norwegian Atlantic Cod Prices Hit 20-Year High Amid Reduced Barents Sea Quota and Supply Constraints

The price of Norwegian Atlantic cod (Gadus morhua) reached a 20-year peak in November 2025, averaging NOK 103.0 per kilogram (USD 10.07/kg; EUR 8.60/kg) (Figure 1). The lowest monthly price in 2025 was recorded in July, influenced by market uncertainty surrounding the final US tariff imposed on cod caught in Norway but processed in Asia. In December 2025, the price of Norwegian cod was 31.4% higher on a year-on-year (y-o-y) basis and had risen 118.2% compared...
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