Alaska's pacific cod market prices fall on oversupply from Barents Sea

News 14:04 13/09/2014
What may be good for the cod resource globally, might not be so good for Alaska’s Pacific cod market. Harvest levels for 2013 in the Bering Sea and Gulf of Alaska are around 320,000 metric tons and will most likely be around the same for the upcoming year.

Unlike the European markets, namely Russia, Iceland, and Norway their cod quotas are expected to increase in some areas by up to 10% in 2014. John Whiddon, the general manager at Pacific Seafoods in Kodiak shared his thoughts about global cod stocks earlier this year.

“There is a huge Russian component, over a million metric tons was leased in the Barents Sea quota. We’re also seeing resurgence in the N. Atlantic. So there is cod coming from a wide variety of places around the world, which is creating an oversupply of cod.”

The over supply of cod fish worldwide will likely have a negative effect at prices seen at the dock. It is a simple case of supply and demand. To make matters worse there are the high transportation costs from Alaska to China.

“Right now the cost to get the same cod coming from Russia to China is about half the price of the transportation cost from Kodiak to China.”

Another competing element is other white fish. For many . . . cod is just another whitefish protein, like pollock or tilapia.

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Vietnam and Brazil Strengthen Economic Ties, VASEP Promotes Seafood Trade Cooperation

 |  18:00 10/07/2026

(seafood.vasep.com.vn) On July 9, 2026, the Embassy of Vietnam in Brazil organized the seminar titled “Sharing Information on Vietnam-Brazil Economic, Trade and Investment Relations in the First Half of 2026” to provide updates on bilateral cooperation and strengthen connections among government agencies, industry associations, and business communities of the two countries.

Seafood exports overcome challenges, impressive growth

 |  09:07 09/07/2026

(seafood.vasep.com.vn) Seafood exports in the first 6 months of the year continued to be a bright spot with a total turnover of 5.7 billion USD, an increase of 11.4% compared to the same period last year. By commodity group, seafood is one of the three groups with a trade balance in the first 6 months of 2026 in a surplus state with 4.13 billion USD, an increase of 17%.

Escaping the low-value raw export trap: Vietnam’s seafood industry embarks on a billion-dollar transformation

 |  08:18 07/07/2026

(seafood.vasep.com.vn) For many years, Vietnam’s seafood industry has been recognized as one of the country’s key export pillars. Products such as shrimp, pangasius, tuna, squid, octopus, and a wide range of other seafood have reached hundreds of markets worldwide. Yet behind these impressive export figures lies a significant challenge: a substantial share of Vietnam’s seafood export value still comes from minimally processed products, contract manufacturing, and raw material exports—segments characterized by low profit margins and high vulnerability to fluctuations in global prices.

Vietfish 2026: The Comprehensive Ecosystem of Vietnam’s Seafood Industry

 |  15:21 05/07/2026

(seafood.vasep.com.vn) In the context of a global economy shifting powerfully toward green and sustainable values, Vietfish 2026 is far more than just a commercial trade fair. It has become a strategic rendezvous and a "comprehensive ecosystem"—a convergence of value, knowledge, and sustainable growth opportunities for the entire industry chain.

Vietnamese pangasius posts strong growth in the Colombian market

 |  08:23 04/07/2026

(seafood.vasep.com.vn) Vietnam’s pangasius exports to Colombia continued their strong upward momentum in May 2026. Export value to the market reached USD 4 million, up 24% compared to the same month in 2025. Cumulative exports in the first five months of 2026 totaled USD 24 million, an impressive 48% increase year-on-year.

Hai Phong promotes high-tech farming of red tilapia and tilapia

 |  08:56 02/07/2026

(seafood.vasep.com.vn) Hai Phong's aquaculture sector is accelerating the adoption of high technologies in aquaculture to adapt to climate change, with red tilapia and tilapia identified as the key cultured species for priority development.

Vietnam’s seafood exports reach US$5.8 billion in H1 2026: Growth maintained despite mounting cost, market, and logistics pressures

 |  09:26 30/06/2026

(vasep.com.vn) Vietnam’s seafood exports reached nearly US$1.1 billion in June 2026, up 21.0% year-on-year. Cumulative exports in the first half of 2026 totaled nearly US$5.8 billion, representing a 12.8% increase compared with the same period last year. Exports to China and Hong Kong continued to accelerate, while shipments to the United States rebounded strongly in June. In contrast, exports to the EU, Japan, and the Middle East remained sluggish or recorded slight declines.

Vietnam’s tilapia industry strengthens management and food safety standards

 |  09:08 29/06/2026

(vasep.com.vn) Tilapia is playing an increasingly important role in Vietnam’s aquaculture sector, driven not only by growing market opportunities but also by its ability to meet increasingly stringent requirements on quality, food safety, and traceability. In practice, tilapia farming in Vietnam is not a spontaneous or loosely regulated activity; rather, it operates under a comprehensive legal and technical framework covering the entire value chain—from hatcheries and farming to processing and exports.

Shrimp exports in the first five months: China drives growth while the U.S. remains under pressure

 |  08:59 26/06/2026

(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 1.9 billion in the first five months of 2026, up 12% compared with the same period last year. Amid continued volatility in the global seafood market, this result demonstrates that the shrimp sector has maintained positive growth momentum, supported by improving demand in several Asian markets, particularly China.

Ca Mau mud crab expands official export channels to international markets

 |  09:16 23/06/2026

(seafood.vasep.com.vn) On June 16, the Department of Agriculture and Environment of Ca Mau Province announced that the locality has established a farming area code for nearly 30,400 hectares of mud crab aquaculture and granted export facility codes to five enterprises eligible to export mud crab officially to markets such as China, Cambodia, Singapore, and the United Arab Emirates (UAE).

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