Cod glut, lower demand hurts prices
A record cod quota halfway around the world is putting the hurt on Kodiak fishermen.
In the Barents Sea, Norwegian and Russian fishermen are enjoying a quota of 1 million metric tons, but the resulting glut on world markets is driving prices downward. In addition, the European economic slump is hurting demand as the falling Euro makes imports more expensive.
Alaska cod fillets, typically delivered to American mark...
by
James Brooks / editor@kodiakdailymirror.com
Kodiak Daily Mirror
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