Prices of Norwegian coldwater prawn (Pandalus borealis) are expected to increase this year thanks to strong demand from its core European markets and reduced quotas in Greenland and the Gulf of Maine, as well as an anticipated reduction in Canada’s total allowable catch (TAC).

Canada, the world’s biggest supplier of coldwater prawns, reduced its TAC in 2009, 2010 and 2011. Its quota last year was 134,534 metric tons. Meanwhile, Greenland, which is the No. 2 supplier, has reduced its TAC to 11…