Strong Icelandic cod harvests and weak foodservice demand are conspiring to pressure prices, but suppliers say growth in new markets and strong retail sales could help the sector recover.
From the first of the year through Feb. 15, the average price for ungutted fresh cod at Icelandic auctions is €2.08 ($2.50) per kilogram and €2.17 ($2.60) per kilo for gutted -- a 17 percent and 26 percent decline over the average price for 2020.
“The markets are obviously difficult now, and prices of cod have been high for the past few years," Anna Bjork Theodorsdottir, managing director of Sea Data Center, told IntraFish.
