After a drop earlier in the year from the highs of 2011, Atlantic cod prices have trended up slightly and settled at between $3,350 (€2,706) and $3,500 (€2,827) per metric ton, sources told IntraFish.
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
