Cod Farming’s Second Act: Why This Time Might Be Different

What happens when a fish the industry once walked away from suddenly becomes more valuable than salmon? In this episode, we take a hard look at the quiet resurgence of cod farming, why cod prices have climbed to historic highs, how tightening wild quotas have reshaped the market, and why the economics look very different than they did during the failed cod-farming boom of the 2000s. We revisit what went wrong last time, from biology to market structure, and then dig into what may actually be changing today: more disciplined operators, improved breeding and production methods, and a supply landscape defined by long-term constraint rather than abundance. The real question isn’t whether cod can be farmed, it’s whether the market can evolve to absorb it. For more aquaculture insights head to our Fish n’ Bits blog.

What if the most important lessons from 2025 aren’t found in any single chart, but in how pressure quietly shifted across the system? In this episode, we step back from predictions and take a pattern-based look at what actually mattered over the past year in Norwegian salmon farming and what those same signals suggest we should be watching in 2026. By examining how business conditions, biological performance, environmental stress, and regulation interacted, we unpack why weak prices reshaped decision-making, why fish health improved despite record temperatures, how sea lice pressure continues to build beneath the surface, and why regulation remains the hard ceiling on growth. The goal isn’t to draw clean conclusions, but to understand trade-offs. Where risk was absorbed, where it was deferred, and where pressure is likely to surface next as the industry moves into a more constrained future. For more aquaculture insights head to our Fish n’ Bits blog.

We are super excited to share this episode of Gossip Gills, the Aquaculture Stewardship Council’s podcast, where Tony Chen (CEO, Manolin) and Kelly Haugen (Head of Marketing, Manolin) join the conversation to unpack how data and AI are reshaping seafood farming. Together, we explore the real challenges facing aquaculture today, from biological complexity and operational efficiency to transparency, traceability, and consumer trust, and why innovation is no longer optional for a sustainable industry. The discussion goes beyond technology alone, touching on the social dimensions of aquaculture, the responsibility to communicate progress clearly, and how better data can drive smarter decisions across the value chain.Follow Gossip Gills for more and find the original link to our episode on their channel here.For more aquaculture insights head to our Fish n’ Bits blog.

What happens when low salmon prices stop being a short-term problem and start reshaping how the entire industry thinks about risk? In this episode, we dig into Q3 financial results from the publicly traded salmon companies, not just to recap the numbers, but to unpack what they’re really signaling beneath the surface. We explore widening gaps in EBIT per kilo across regions, why Chile stands out while Norway, Scotland, Canada, and Iceland struggle in very different ways, and how persistent price pressure is forcing companies to prioritize cost control over growth. The conversation goes deeper into the tradeoffs this creates: where cost-cutting shows up quickly through sea lice decisions, where it hides longer-term risk through disease and biology, and why the push toward “control” via land-based and semi-closed systems hasn’t yet translated into stronger economics. The result is a clear-eyed look at whether the industry is truly buying predictability or simply shifting where risk shows up. Download the full Q3 2025 report here.For more aquaculture insights head to our Fish n’ Bits blog.

How does one small fish in one corner of the Pacific end up shaping the entire global aquaculture feed system? In this week’s episode, we break down the latest developments from Peru’s anchovy fishery, from the unusually low provisional quota, to the rapid EUREKA survey that reshaped the biomass picture, to why analysts like Rabobank are warning that long-term fishmeal and fish oil shortages are becoming more likely. We revisit what happened during the 2023 juvenile-driven closure, unpack what the 2025 numbers actually tell us, and explain why Peru’s anchoveta remains the single most important swing factor for salmon, shrimp, and even pet food production worldwide. For more aquaculture insights head to our Fish n’ Bits blog.

What’s driving Norway’s sudden wave of investment in closed fish farming systems? This week we unpack the real story behind the headlines, from Mowi’s new Fiizk orders to Lerøy and SalMar’s push toward enclosed pens. It all traces back to an October 10th regulatory change that quietly created the biggest financial incentive yet for producers operating in red zones. Tony breaks down how this new rule works, why companies are moving fast to adapt, and whether it marks the beginning of a larger shift toward closed and semi-closed farming systems across Norway or even the world.For more aquaculture insights, head to our Fish n’ Bits blog.

What can one number really tell us about an entire industry? This week, we unpack the Scottish Fish Farm Production Survey 2024, a report that’s sparked headlines and controversy with its 61.8% survival figure, the lowest in more than three decades. But beyond the shock value, the data reveals something deeper: the long-term cycles of progress, constraint, and adaptation that define Scottish salmon farming. We’ll explore what the numbers actually mean, why short-term data can distort reality, and how progress in sustainability often comes with biological trade-offs. For more aquaculture insights head to our Fish n’ Bits blog.

What if the next major leap in aquaculture doesn’t come from the ocean but from the genome? In this week’s episode, we trace the story of genomic sequencing: from Darwin’s first evolutionary trees to the breakthroughs that now let scientists map entire fish genomes in a single day. You’ll learn how falling sequencing costs are opening the door to disease tracing, genetic selection, and smarter breeding programs that could redefine sustainability across aquaculture. For more aquaculture insights head to our Fish n’ Bits blog.

How much does Washington, D.C. actually influence the global seafood industry? After speaking at the National Fisheries Institute’s Leadership Summit, we’re breaking down what happens when seafood meets policy — from tariffs and trade to nutrition and public health. Featuring insights from speakers like Sean Spicer and Elana Natker, this episode looks at how politics, perception, and food policy are shaping seafood’s next chapter, and what the industry can learn from it. For more aquaculture insights head to our Fish n’ Bits blog.

Can New Zealand turn its bold aquaculture growth plan into a $3 billion industry by 2035? In this episode, we dig into the numbers behind the country’s strategy, from premium salmon and mussel exports to the risks of offshore expansion, and look at the political and regulatory roadblocks that could derail momentum. Drawing lessons from Norway, Canada, and Iceland, we explore what it takes for a nation to scale aquaculture without repeating the same missteps. For more aquaculture insights head to our Fish n’ Bits blog.