Norwegian Cod Exports Navigate Quota Cuts with Record-High Prices and Strategic Market Shifts
NORWAY Tuesday, July 08, 2025, 06:10 (GMT + 9)
Despite significant volume drops across categories, Norway's cod industry secures unprecedented values for fresh, frozen, and cured products, buoyed by strong demand and the growing role of farmed cod. OSLO – Norway's cod exports demonstrated remarkable resilience in the first half of 2025, achieving record-high prices across various product categories despite a notable reduction in overall export volumes. While lower quotas for wild cod impacted supply, strategic market dynamics and a surging farmed cod segment helped maintain robust total export values, totaling billions of Norwegian kroner. Value in billions of NOK | Source: Norwegian Seafood Council Seafood analyst Eivind Hestvik Brækkan of the Norwegian Seafood Council highlighted the overarching trend: "The reduction in quotas for wild cod has characterized exports of the fresh cod category... FULL STORY
