Fish and chips has long been a cheap-and-cheerful treat for families across Britain, but the price of the traditional meal could rise steeply this year, The Telegraph reports.
Food industry experts have warned that cod prices are
soaring, the Daily Mail has
reported.
Analysts Mintec reported last week that the price per tonne
for Norwegian cod has increased by 25.7 percent year on year to £1060.
The rising prices are thought to be due to growing demand
for the fish, especially from new markets such as China, and a slight drop in
supply, due to a small reduction in the allowed fishing quotas.
Only around 20 per cent of cod eaten in the UK is Norwegian,
but a spokesman for Mintec told trade magazine The Grocer: "Prices in Norway will
indirectly influence cod prices from other producers."
Cod is one of Britain's favourite fish, with more than 60
per cent of fish and chip buyers choosing it. But overfishing in the North Sea
for decades pushed cod stocks to dangerously low levels, and consumers have
long been urged to opt for alternatives such as hake.
In 2013, however, the Martime Stewardship Council reported
that North Sea cod stocks were on the road to sustainability once more.
Andrew Crook, from the National Federation of Fish Friers,
said that although the price of cod was rising, “the prices are really only
around where they were five years ago. The prices are just levelling out from
last year, when more fish were caught.”
“This isn't something for fish and chip shops to worry
about,” he added.
“Fish and chips is still a very cheap meal, compared to
something like a pizza.”
Read the article HERE.
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