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Herring Value Drop Leads Decline in Icelandic Catch Value

Lucy Towers
20 September 2013, at 1:00am

ICELAND - Total value of catch of Icelandic vessels amounted to 76.9 billion ISK in January-June 2013, compared with 81.2 billion ISK in the first six months of 2012.

Total value decreased therefore by 5.3 per cent between years, reports Statistics Iceland.

Total value of demersal species accounted for ISK 48.3 billion; thereof cod ISK 24.7 billion, haddock 6.3 billion, and redfish 7 billion.

Total value of pelagic species accounted for ISK 20 billion and flatfish catches for 5 billion.

Big value declines were seen in flatfish catches, which are down 23 per cent from last year and miscellaneous catches - down 51.2 per cent.

Value of cod was down 9.1 per cent, whilst haddock fared even worse with value down 14.2 per cent.

Herring saw the biggest value decline of a huge 83.8 per cent.