In the late spring of 2024, the market prices for haddock, particularly Russian haddock, experienced a notable increase, reaching $3,600 per ton for quantities between 500 grams and 1 kilogram. This surge in pricing was attributed to a combination of factors, including a limited supply, an escalation in demand fueled by a US ban on Russian seafood imports, except for haddock, and a continued exemption of haddock imports from China from a 25% tariff. Concurrently, the prices for Norwegian haddock and Atlantic cod also saw upward trends, with Norwegian cod priced around $7,000 per ton and Russian cod at $5,100 to $5,400 per ton, depending on the source. The market dynamics were further shaped by quotas and allocations for cod and haddock in the Barents Sea, with Russia and Norway holding significant shares of these quotas. The overall market outlook suggested that haddock prices were expected to continue their upward trajectory, driven by growing demand and potential supply chain adjustments.