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.”
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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