The key supplier of seafood to the UK market has challenged press reports claiming the price of cod will rocket if further restrictions on fishing in the North Sea are imposed from Brussels. Youngs Bluecrest deputy chief executive Mike Parker insisted: "The commercial supply situation is essentially unchanged in that only a relatively small percentage of the cod eaten in the UK is caught from our own waters." Restrictions on North Sea fishing would only prompt a "slight increase" in price, he said. And the suggestions that cod and chips would soon be off the menu was "a bit of a red herring". But Scottish Fisherman's Federation secretary Dr Ian Duncan said Youngs was being "disingenuous". He added: "I wonder how much the slight increase will be? It's not just North Sea supplies that are dwindling." {{NEWS }}