Cod farming group Norcod aims to pre-sell more than half of expected harvest, executives say

Inflation poses obvious challenges for the seafood industry, but Norwegian cod group Norcod has partly managed to hedge the volatility by having pre-sold 50 percent of its expected harvest, Norcod CFO Kia Zadegan told IntraFish.

"The clients have been happy to sign these contracts to secure supply, and we aim to pre-sell about 70 percent to ensure greater predictability," Zadegan said.

Norcod has signed contracts with high-end retailers primarily, he said.

The company will start harvesting towards the end of the year, and expected a harvest volume of 1,600 metric tons (whole fish equivalent) during the fourth quarter.