Before this year's fishing season, many expected saithe would profit from the lower quotas for both cod and haddock, filling a role as a substitute whitefish, but after witnessing record high first-hand prices in the first quarter of this year, these have now fallen by as much as 20 percent.

According to the Norwegian fishermen’s sales organization Norges Rafisklag, the average price paid to fishermen for fresh saithe has crashed from a peak of NOK 18.49 (€1.60/$1.70) per kilo in February, to NOK 14.96