January 13, 2022 | volume 22, No. 1
Pacific Cod Market Update
The Alaska Cod Fishery is broken up between A-Season (January – June) and B-Season (July – December). This fishery is very complex with various Gear Types, Vessel Sizes, Fishing Areas, and State vs. Federal Quotas. The Fishery has experienced several quota cuts over the past three years, which has continued to drive prices upwards. However, going into the 2022 season, the quota for both the Bering Sea and the Gulf of Alaska was increased up to 415 million round weight pounds and represents just over a 20% increase compared to last year.
The quota increase will be much needed as 2021 ended with limited available frozen Cod inventory in the market. With this shortage in supply, prices will remain high through Q1 but hopefully will start to come down in Q2 once the pipeline is filled. In comparison to the Atlantic Cod Fishery, the Norwegian and Russian Barents Sea 2022 Quota was cut by 20%, but the fishery is still towards the top end of peak harvest tonnage. Atlantic Cod prices also remain high with good markets in Europe, Asia, and the United States. The Norwegian Inshore Atlantic Cod fishery also lost their MSC Certification, limiting the amount of Sustainable Atlantic Cod available in the market. The Icelandic Fishery will be taking a 13% quota cut, keeping prices high.
CHA100 GILLED AND GUTTED, 4.5-5 LBS
CHA103 SKIN OFF FILLET
CHA1000 SKIN ON FILLET
We’re once again bringing Arctic Char from Washington state. A Green ‘Best Choice’ from the Monterey Bay Aquarium Seafood Watch Program, this fish is a fantastic alternative to Salmon. Arctic Char is similar to Salmon but with a milder flavor and somewhat lighter in color. Try smoking this fish in-house for an excellent addition to your salad or appetizer menu.
of BluSky Restaurant & Bar
Executive Chef Edgar Beas leads the talented culinary team at the Radisson Blu Anaheim. Chef Beas is a classically trained chef who graduated from the San Diego Culinary Institute and trained in Spain at the three Michelin-starred Martin Berasategui Restaurant, where he worked closely with the world-renowned chef himself.