New Pricing for US Longline H&G Pacific Cod Introduced by Undercurrent News

Undercurrent News has officially incorporated pricing for US longline headed and gutted (H&G) Pacific cod into its price reporting service.

Details of the Pricing Structure

The pricing will encompass a variety of sizes, specifically ranging from 1-2 lb to 9-11 lb J-cut H&G cod, reported on a FOB Dutch Harbor, Alaska basis. For larger sizes, the report will include 11-13 lb and 13+ lb collar-bone on (CBO) H&G fish. All prices are expressed in USD per pound.

Accessing the New Pricing Data

This new pricing information is accessible on UCN‘s dedicated price portal. The dataset dates back to August 2020, providing monthly averages that can be analyzed alongside UCN‘s existing price datasets for H&G Atlantic cod sourced from Norway and Russia, as well as over 3,600 data sets covering other significant seafood species.

Future Reporting Schedule

Moving forward, the pricing for Pacific cod will be updated on a mid-monthly basis, rooted in discussions and data contributions from industry stakeholders.

Market Trends and Price Stabilization

In recent months, raw material prices for US longline H&G Pacific cod have escalated sharply, becoming comparable to those of their Atlantic counterparts. However, indications suggest that prices are now beginning to stabilize. Some market analysts believe that while there could be a minor increase, the significant upward trend may be losing momentum.