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.