January 18, 2019 — According to figures released at the National Fisheries Institute’s Global Seafood Market Conference, world cod supply is expected to decline to 1.5 million metric tons in 2019, down from 1.59 million metric tons in 2018.
Todd Clark, a founder and partner at Endeavor Seafood, an importer and marketer of frozen seafood based in Newport, Rhode Island, said that there’s a downward supply trend in both Atlantic cod, driven by reductions out of the Barents Sea, and Pacific cod, where US supply has fallen somewhat in the Bering Sea and sharply in the Gulf of Alaska.
“There’s a steady decrease in both of these resources, really,” Clark said.
Looking at Atlantic cod supply in historical perspective, the resource, at 1.3 million metric tons in 2017, has fluctuated between a low of under 1 million metric tons in 2007 and a 2.75 million metric ton high seen in 1974.