Demand for Cape hake "rocketed" in recent years, driving up prices, Peter Pahl, CEO of Namibian firm Seawork, said at the North Atlantic Seafood Forum (NASF) in Bergen, Norway, last week.

The average price of a skinless portion was about €3,500 ($3,735) per metric ton 10 years ago -- today it's sold at €5,000 ($5,336) per metric ton.

"And in my opinion prices will continue to increase by at least 15-20 percent over the next few years," he told the audience at the NASF whitefish seminar.

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