ANALYSIS: Sanctions and Tariffs Shift Focus to Icelandic Cod
The announcement from President Biden banning imports of seafood from Russia during the Lenten season, historically a period of the highest demand for seafood within the U.S., has resulted in mounting uncertainty, new obstacles to circumvent, and a shift in demand within the cod markets.
Pricing on single frozen cod from Iceland began demanding premiums at the start of the Russian invasion of Ukraine, only to be fueled once the executive order was announced on March 11, 2022. Previously ordered product will have...
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