Norwegian cold-water prawn prices have increased month-on-month following a 15% rise in exports during the first four months of 2018. The increase in demand from Norway has been supported by a decline in supply of Canadian cold-water prawns. The key fishing areas for Canadian cold-water prawns saw quota cuts for the 2017/18 season, with further cuts made to the same fishing areas for 2018/19 which has led to an increase in demand for Norwegian cold-water prawns.
Quotas for haddock in the Barents Sea north of Scandinavia were lowered this year to 202,305 tonnes, a cut of 13% in comparison to the previous year, jacking up prices by more than a quarter.
Plaice prices in the UK have dropped 21% on March’s levels as harvest season began in April. Larger catches have increased supplies, forcing prices downwards.
Strong demand from Portugal and Spain resulted in Norway’s best-ever quarter for cod with an export value of over NOK 3 billion (£274m). The 80% reduction in quotas of Pacific cod in the US Gulf of Alaska further increased demand for the Norwegian product as buyers are forced towards Atlantic cod.
|Fish||Price in GBP per tonne||m-o-m %||y-o-y %|
|Coldwater prawns (NO)||2215||10.80%||37.90%|
|Salmon (farmed, NO)||6470||-1.10%||9.40%|
|Yellowfin tuna (SC)||1625||-12.70%||-6.40%|
|Horse Mackerel (ES)||2655||-24.40%||-16.30%|
|Skipjack tuna (TH)||1060||-5.60%||-20.70%|