Norwegian cod farmer Norcod saw its 2023 losses mount in the third quarter as it plowed large investments into building up biomass "to 'satisfy global demand for cod in the next 12-15 months."

"Norcod has positive expectations on the market outlook. In the short-term perspective, we know that customers are looking forward to having Norcod back during the next quarters as especially the retailers keep appreciating having Norcod in their stores due to predictability on the supply side," it said [...]