ANALYSIS: Frozen Haddock Market Sees Unprecedented Price Growth
The conclusion of Q3 2024 signaled the onset of a new pricing trajectory within the frozen haddock market. Prior to this shift, wholesale prices for haddock had exhibited minimal volatility, remaining largely stable through the earlier part of the year. However, beginning in September 2024, prices strengthened significantly and have remained at elevated levels since then. This inflection point coincided with emerging reports of reduced haddock availability from the Barents Sea, contributing to a broader global supply contraction amid sustained demand. Compounding these supply-side pressures, the...
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