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EP 560 | AIRED 10/18/2021
October 18th, 2021--- This week we report on Atlantic Cod as new harvest projections out of the International Groundfish Forum are calling for North Atlantic Cod catches to decline by about 52,000 metric tonnes in 2022.
--- New figures released from the Groundfish Forum last week are projecting the overall supply of wild caught whitefish in 2022 to hold stable at 7.098 million metric tonnes harvested, down 0.68 percent from 2021’s projected harvest of 7.144 million metric tonnes.
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The offshore fishing for Atlantic cod uses trawl. The trawl consists of a large net that is pulled over the seabed to catch fish, which is often taken in mixed catches with other species. To minimise bycatch impacts from fishing, sustainability forward companies will process fish from the entire catch.
Majority of global Atlantic Cod harvest comes from the jointly managed Norway/Russia fishery and Icelandic fishery.
Harvest to date for the Joint Norwegian and Russian fishery is for about 307,000 metric tonnes out of a Total Allowable Catch of 906,000 metric tonnes.
In the Icelandic fishery, preliminary harvest totals show about 190,000 metric tonnes harvested - down a fair way from the 270,000 seen in the previous two years.
--- To finish off with current market conditions, the available supply of H&G Atlantic Cod is very short and when product does become available, it is sold extremely quickly.
Our recommendation is to let your Tradex Foods rep know you are looking for Atlantic Cod so we can secure product for you as soon as it becomes available.
Also, we have an amazing opportunity on our TradexLIVE platform on some Icelandic Atlantic Cod portions - skinless, boneless, IVP, packed 1x10. They are 6oz Longline caught and are perfect for any centre of the plate application.
Our recommendation is to secure these now - please contact your Tradex rep for best pricing.