Barents Sea cod stocks have improved significantly over the past few years and are the largest in decades. The 2012 quota is up 8 percent over 2011, to 750,000 metric tons.
At the same time, the haddock quota has increased by 5 percent, to 318,000 metric tons.
Because of this great supply story and weak markets, especially the troubled European Union, industry sources are skeptical about future price development.
“It is difficult to say what will happen for the next months,” said the managing director of a Norway-based trader, talking about future price development up or down.
“It depends all on how the market for the ready products in Europe and the United States acts, and especially as the market in Europe is slow now,” he told IntraFish.
“I am very uncertain, I must admit,” said an executive with a large cod trader.
“There is very little H&G in the market, so normally prices would have started to increase now,” he told IntraFish. “They are not, so this could be a sign that the market are not working properly.”
Prices will stay at around $3,350 (€2,706) to $3,400 (€2,746) CIP China, “even with the shortage of supply for the next couple of months,” he said. “The euro has weakened 7 percent against the US dollar, so I think this could also have some impact.”
The executive pointed to the situation in Spain and Portugal, both large cod buyers. Not only does the dollar and euro exchange rate make business tough, the banking system is freezing up in these troubled Eurozone members, limiting options for companies.
“Portugal and Spain might have an even bigger problem as their banking systems are not working, and there is a lack of funds,” he said. “There certainly seems to be very few good news stories coming from that direction.”
The sales director of a large Norwegian company also warned on the markets in southern Europe.
However, it seems Portugal, the largest market for Norwegian cod, seems to keep buying, he said.
“I am amazed the prices are at this level,” said this sales director. “I don’t see that they can move up a lot, the processors simply can’t get the higher prices from retailers.”
The predicted increased supply of farmed salmon onto the market later in the year could also have an impact on general cod prices, he told IntraFish.
“If salmon is very cheap -- which it looks likely to be in September – that could impact demand for cod. Retailers will promote on salmon.”
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
(vasep.com.vn) The Global Shrimp Forum (GSF) 2026 is taking place from September 1–3 in Utrecht, the Netherlands, bringing together around 585 delegates from 40 countries, representing approximately 300 companies and organizations across the shrimp supply chain. Representatives from VASEP are attending the event as part of the Vietnamese delegation, strengthening connections with partners across the global shrimp industry.
(vasep.com.vn) At the international B2B seminar (Hosted Buyer Program) held as part of Vietfish 2026, Mr. Nguyen Hoang Pham, Sales Director of Tai Kim Anh Seafood Processing Joint Stock Company, delivered a presentation entitled “Vietnam’s Shrimp Industry: Changing for Sustainability.” From the perspective of a seafood processor, the presentation highlighted that Vietnam’s shrimp industry continues to play a leading role in seafood exports, but is entering a new phase of competition in which change is no longer an option, but a prerequisite for growth.
(seafood.vasep.com.vn) VIETFISH 2026 may have concluded after three dynamic days in Ho Chi Minh City, but conversations around the exhibition continue to resonate across international trade media, industry organizations, and the social media channels of participating companies.
(seafood.vasep.com.vn) Vietnam’s tilapia industry is maintaining strong growth momentum, with significant room for further expansion in the coming years. In 2025, total tilapia production reached approximately 420,000 tonnes, up 33% from 2024 and 2.2 times higher than in 2015. During 2015–2025, production grew at an average annual rate of around 8.4%. As production and exports continue to expand, food safety control is receiving increasing attention to ensure product quality, meet the increasingly stringent requirements of international markets, and provide a foundation for the sustainable development of Vietnam’s tilapia industry.
(seafood.vasep.com.vn) On the afternoon of August 19, 2026, as part of the Vietnam International Seafood Exhibition – Vietfish 2026, the Hosted Buyer Program continued with the seminar “Vietnam Seafood Outlook 2026–2027: A Strategic Sourcing Destination,” followed by 1-to-1 B2B meetings between international buyers and Vietnamese seafood businesses.
(seafood.vasep.com.vn) Speaking at the Opening Ceremony of VIETFISH 2026 on August 19 at the Saigon Exhibition and Convention Center (SECC), U.S. Consul General Melissa Brown highlighted the important role of the exhibition in connecting Vietnam’s growing seafood industry with buyers, suppliers, and partners from the United States and around the world.
(vasep.com.vn) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.
(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
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