Markets

Saithe prices fall 20% from record highs as 'substitution effect' fails to materialize

Competition from cheap Alaska pollock as well as increased quotas are all contributing to the drop.

In Norway, the saithe quota is up 15 percent in the north and 17 percent in the south (North Sea), and naturally the increased supply puts pressure on the price development.
In Norway, the saithe quota is up 15 percent in the north and 17 percent in the south (North Sea), and naturally the increased supply puts pressure on the price development.Photo: MSC
Published 21 September 2023, 06:36Updated 21 September 2023, 08:23
SaitheNorwayFinn-Arne EgenessMorten JensenInsula